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 1120 Park Avenue - PJ South, any comments?

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TSlegolas
post Dec 10 2009, 11:35 AM, updated 16y ago

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Come across 1120 PArk Avenue on today newspaper, quite attractive condominium comparable to its' price.
Starting price from 162k - 265k.
870 sq ft, 1020 sq ft, and 1193 sq ft.
interest free during construction period
Leasehold
completion Dec 2013
Total unit 1120

http://www.1120parkavenue.com/

The developer - Park Avenue Sdb Bhd, does anyone know about this developer? any previous project they had completed so far?

Anyone staying around this area? Is this worth for own stay or investment?

Any comments here is great appreciate.

Thanks

mingyew
post Dec 10 2009, 12:04 PM

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nice location ! go 1u area only 10km, 7min to sunway or midvalley, 15km from golden triangle, 20min to cyberjaya
EdwinTan
post Dec 10 2009, 12:10 PM

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lol.. I staying nearby also din know got such condo launching... want go see see when free tongue.gif
mingyew
post Dec 10 2009, 12:16 PM

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QUOTE(EdwinTan @ Dec 10 2009, 12:10 PM)
lol.. I staying nearby also din know got such condo launching... want go see see when free tongue.gif
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where u stay? im in sri sentosa
rakyat
post Dec 10 2009, 12:20 PM

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QUOTE(mingyew @ Dec 10 2009, 12:04 PM)
nice location ! go 1u area only 10km, 7min to sunway or midvalley, 15km from golden triangle, 20min to cyberjaya
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Where is the location? From the map it wlloks like it is in the Kg. Medan area; somewhere near the NPE toll.

Pricing is reasonable with 10/90 scheme but leasehold and questionable location.

How far is it from new Taylor Campus whistling.gif
airline
post Dec 10 2009, 12:26 PM

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where got nice location..
have to pay toll when go anywhere..

isnt this condo half way being built already
mingyew
post Dec 10 2009, 12:30 PM

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QUOTE(rakyat @ Dec 10 2009, 12:20 PM)
Where is the location? From the map it wlloks like it is in the Kg. Medan area; somewhere near the NPE toll.

Pricing is reasonable with 10/90 scheme but leasehold and questionable location.

How far is it from new Taylor Campus  whistling.gif
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i oso not sure. let me go to the show unit and ask.
i guess is behind the new shop lot of petaling utama.
where is taylor new campus?

EdwinTan
post Dec 10 2009, 12:37 PM

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QUOTE(mingyew @ Dec 10 2009, 12:16 PM)
where u stay? im in sri sentosa
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tmn medan pejasa


Added on December 10, 2009, 12:40 pm
QUOTE(airline @ Dec 10 2009, 12:26 PM)
where got nice location..
have to pay toll when go anywhere..

isnt this condo half way being built already
*
being build half way d? why I din see sweat.gif Maybe I always turn right and not left becos turn left need pay toll d.. haha.. ya.. if go pyramid need toll but still can skip the toll if you wan take a long route pass the kampung.

This post has been edited by EdwinTan: Dec 10 2009, 12:40 PM
mingyew
post Dec 10 2009, 03:32 PM

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QUOTE(EdwinTan @ Dec 10 2009, 12:37 PM)
tmn medan pejasa


Added on December 10, 2009, 12:40 pm
being build half way d? why I din see  sweat.gif Maybe I always turn right and not left becos turn left need pay toll d.. haha.. ya.. if go pyramid need toll but still can skip the toll if you wan take a long route pass the kampung.
*
sunway toll, definitely can skip easily, juz extra 4km road.
i dont see any toll going to anywhere, either kepong or even airport (which consider very worth to skip)
rakyat
post Dec 10 2009, 03:36 PM

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QUOTE(mingyew @ Dec 10 2009, 12:30 PM)
i oso not sure. let me go to the show unit and ask.
i guess is behind the new shop lot of petaling utama.
where is taylor new campus?
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So does any1 know the exact location? Kg. Medan or after the toll (heading to Sunway)?

B/4 toll then location is no good (surrounded by flats and pretty run down industrial lots), after toll then location is superb coz just walking distant fr new Taylor w. new commercial area.
babana
post Dec 10 2009, 06:19 PM

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wah, 1120 units? pretty high density if u ask me... hmm.gif
aquest
post Dec 10 2009, 06:21 PM

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QUOTE(legolas @ Dec 10 2009, 11:35 AM)
Come across 1120 PArk Avenue on today newspaper, quite attractive condominium comparable to its' price.
Starting price from 162k - 265k.
870 sq ft, 1020 sq ft, and 1193 sq ft.
interest free during construction period
Leasehold
completion Dec 2013
Total unit 1120

http://www.1120parkavenue.com/

The developer - Park Avenue Sdb Bhd, does anyone know about this developer? any previous project they had completed so far?

Anyone staying around this area? Is this worth for own stay or investment?

Any comments here is great appreciate.

Thanks
*
the price u quoted is for bumi only. the actual price actually starts from RM180k up or around RM207 psf. service charge w/o sinking fund is 15 sen psf. currently opening just 2 (east-west orientation) of 5 blocks. each block has 14 units x 16 levels = 224 units. 1st 3 levels r used for carpark while the 4th fl houses the swimming pool n facilities.

u will be personally served by the boss peter's dotters. located at 7th mile okr/npe.

pro
1. only 1/2 km to NPE, excellent accessibility. on a straight line, its less than 2km from pj old town. using NPE can reach bangsar in 5 min & sunway in 3 min.
2. pay only 10% upfront. developer continues to 'absorb' next 18 mths of ur instalments (maximum up to 7.5% of the purchase price) after vp.
3. situated adjacent to Yuk Chun chinese primary school
4. can view all the actual 3 types of showunits.
5. all units come with 2 parking bays. bigger units have priority for side to side parking n lower level as well.

con
1. surrounded by low cost apts and many shoplots nearby r still untenanted for years after vp.
2. leasehold n ex-mining land.
3. developer reputation is less than mediocre but believe has impoved. they also developed the high end papillon in taman desa.
4. security concern in that petaling utama area. lotsa active mat rempits and reported snatch theft at nite. remember the body of a child in the bag was found outside a shop in petaling utama? its just opposite this project.

initially was attracted to the earlier estimated price of RM162k for smallest unit but left disappointed when told that its applicable only
to bumi.

Klesk
post Dec 10 2009, 10:47 PM

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good point there aquest!. very helpful indeed i think that kinda summarize all. pros is excellent accesibility have to agree on that but the other hand security is a major concern coz i personally been around the area and rempits are rampant there, they ride bikes without obeying any rules.

hmm but hopefully since this is a condo the security level is tight and ample enuff
TSlegolas
post Dec 11 2009, 09:59 AM

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thanks aquest for all the useful points!
i think with all the cons here tht's make up the attractive price here , will goto show rooms today have a look. icon_rolleyes.gif
ethan99
post Dec 11 2009, 10:04 AM

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QUOTE(Klesk @ Dec 10 2009, 10:47 PM)
good point there aquest!. very helpful indeed i think that kinda summarize all. pros is excellent accesibility have to agree on that but the other hand security is a major concern coz i personally been around the area and rempits are rampant there, they ride bikes without obeying any rules.

hmm but hopefully since this is a condo the security level is tight and ample enuff
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Hi Aquest,

Thanks for your information... i might going there to view the show room. between anyone know the sales charts? how much do there sell already ?
graneon
post Dec 11 2009, 11:13 AM

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Went there yesterday and placed a booking fee. Having to just pay 10% and nothing more for 4.5 years is a dream for investors. With many launching of medium cost apartment now breaching rm200k entry point, the pricing for this apartment is quite attractive for both first time owners or investors. Eventhough surounding is not that ideal, the location is great. Just hope this developer delivers what has been promised.
SUSlokideangelus
post Dec 11 2009, 11:54 AM

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how come all the below rm200k oni for bumi only? comparing this with 1 Petaling and Taragon what do u all think ?
feizaiII
post Dec 11 2009, 06:18 PM

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Kind easy entry cost.. 1120 units in 5 block? kinda high density too
TSlegolas
post Dec 11 2009, 06:21 PM

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just came back from the show room, had place an booking, during construction period interest will be bare by the developer, after construction complete developer continue to pay for the installment for 18 months, up to 7.5% of the housing price.
I have see around 40% has been sold in 2 days.
Location is ok.

Couple of bankers can be found there, standard chartered, OCBC, UOB, CIMB and public bank.
Amongst them UOB can provide the good rate - BLR-1.85, the rest are BLR-1.8

Since i planning for investment, still waiting for the bank to confirm the commence date of 5 years locking period.




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graneon
post Dec 11 2009, 11:14 PM

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QUOTE(babana @ Dec 10 2009, 06:19 PM)
wah, 1120 units? pretty high density if u ask me... hmm.gif
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Hello...1120 units on 12 acre is consider high density? That's 94 units per acre. Dont compare with high end or landed property. Even 1 petaling and park 5 has higher no of unit per acre...eventhough these projects are pricier than park avenue.

@legolas
I think standard chartered lock in period commences from signing of letter of offer



This post has been edited by graneon: Dec 11 2009, 11:25 PM
ethan99
post Dec 12 2009, 01:03 AM

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QUOTE(graneon @ Dec 11 2009, 11:14 PM)
Hello...1120 units on 12 acre is consider high density? That's 94 units per acre. Dont compare with high end or landed property. Even 1 petaling and park 5 has higher no of unit per acre...eventhough these projects are pricier than park avenue.

@legolas
I think standard chartered lock in period commences from signing of letter of offer
*



look like PB, UOB and CIMB is giving better rate and the lock in period also same as SCB! is that true?

0106127
post Dec 12 2009, 01:40 AM

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hihi.. i paid rm2k booking today.
left the showroom around 6pm.

the two block about 60% book.
those smaller units about 70% sold.
many bigger units still remaining.

to me the price and financing package is good.
location wise not bad. there is few major highway nearby.
low density too.

the sunway toll NPE heard can by pass.. how??? i paid 1.60 today


Added on December 12, 2009, 1:42 amthe cons is.. the plot of land is still empty.
not even a single machinery there.
the developer is trying to collect 10% from the 1st 2 block of sales to kick start the project...


not very good !!

This post has been edited by 106127: Dec 12 2009, 01:42 AM
ethan99
post Dec 12 2009, 02:09 AM

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QUOTE(106127 @ Dec 12 2009, 01:40 AM)
hihi.. i paid rm2k booking today.
left the showroom around 6pm.

the two block about 60% book.
those smaller units about 70% sold.
many bigger units still remaining.

to me the price and financing package is good.
location wise not bad. there is few major highway nearby.
low density too.

the sunway toll NPE heard can by pass.. how??? i paid 1.60 today


Added on December 12, 2009, 1:42 amthe cons is.. the plot of land is still empty.
not even a single machinery there.
the developer is trying to collect 10% from the 1st 2 block of sales to kick start the project...
not very good !!
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Hi,

Actually that is a way skip the toll from NPE to Sunway and calculated about 3.5km-4km additional mileage...

By the way, my friend has made his booking today morning and hearing from SA that S&P need to be sign within 2 weeks and 10% of the down payment have to pay.......

i still not make my decision for the booking yet... still wondering whether is good invest or just go for Park 51 !!!
0106127
post Dec 12 2009, 02:48 AM

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QUOTE(ethan99 @ Dec 12 2009, 02:09 AM)
Hi,
Actually that is a way skip the toll from NPE to Sunway and calculated about 3.5km-4km additional mileage...
By the way, my friend has made his booking today morning and hearing from SA that S&P need to be sign within 2 weeks and 10% of the down payment have to pay.......

*
3.5 km... peak hour mai 35 minutes lo... die!!

he book tower 1 or 2.. mine 2

sign n pay in 14 days... shows the developer no money lo.. need ur money to turn mar...

pm me some info for 51 .. want to go see also

This post has been edited by 106127: Dec 12 2009, 02:50 AM
graneon
post Dec 12 2009, 10:37 AM

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QUOTE(ethan99 @ Dec 12 2009, 01:03 AM)
look like PB, UOB and CIMB is giving better rate and the lock in period also same as SCB! is that true?
*
I'm going there today to find financing..might consider getting another unit if smaller unit still available. Anyway pbb & Cimb is out cos already have existing mortgage loans with them. Fyi pbb is offering free 42' LCD tv. Will Probably go for scb, UOB or OCBC. Since rate is the same , the lock in period shall be the deciding factor.

This post has been edited by graneon: Dec 12 2009, 10:40 AM
ethan99
post Dec 12 2009, 10:38 AM

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QUOTE(106127 @ Dec 12 2009, 02:48 AM)
3.5 km... peak hour mai 35 minutes lo... die!!

he book tower 1 or 2.. mine 2

sign n pay in 14 days... shows the developer no money lo.. need ur money to turn mar...

pm me some info for 51 .. want to go see also
*
Hi,

Anyway the 3.5km even in peak hour will take you about 10min or even less. cause is a kapong area
yah... i hv make my decision today and just made a booking for tower 1...

graneon
post Dec 12 2009, 10:46 AM

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QUOTE(ethan99 @ Dec 12 2009, 10:38 AM)
Hi,

Anyway the 3.5km even in peak hour will take you about 10min or even less. cause is a kapong area
yah... i hv make my decision today and just made a booking for tower 1...
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at current petrol price, tolls are not expensive anymore. Anway how's their sales. is the smaller unit still available?
ethan99
post Dec 12 2009, 11:14 AM

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QUOTE(graneon @ Dec 12 2009, 10:46 AM)
at current petrol price, tolls are not expensive anymore.  Anway how's their sales. is the smaller unit still available?
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Hi,

most of the smaller units facing E almost sold. Except for the facing W
one reason that i can see is because facing E or W prices range is same.. whereby for other launching normally facing W is given some offer...

today is suppose 3rd day of launching, i think 50% sold for overall 400 + units already.


graneon
post Dec 12 2009, 12:07 PM

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QUOTE(ethan99 @ Dec 12 2009, 11:14 AM)
Hi,

most of the smaller units facing E almost sold. Except for the facing W
one reason that i can see is because facing E or W prices range is same.. whereby for other launching normally facing W is given some offer...

today is suppose 3rd day of launching, i think 50% sold for overall 400 + units already.
*
50% sold within 3 days of launching without much publicity is no small feat thanks thanks to it's easy financing scheme. in future I think more developers are going to adopt similiar financing scheme. This will definetely benefits house buyers.
Units facing E is much better esp tower 2 as they are facing a spacious greens. Looking at the sales..the other 3 blocks may be launch soon then mayb there's more to choose
T816B
post Dec 12 2009, 01:06 PM

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QUOTE(106127 @ Dec 12 2009, 01:40 AM)


to me the price and financing package is good.
location wise not bad. there is few major highway nearby.
low density too.
I am surprise that you consider total units at 1120 is low density.
ausmat
post Dec 12 2009, 02:10 PM

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Yup.... Just got Tower 1 facing East this morning....

Fyi, If you plan to take money from EPF they will give extra 14 days... So all together 28 days.... yeah!!!
KLsooner
post Dec 12 2009, 03:09 PM

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Just check Google Map, the site is a abondon tin mine? I saw lakes and white sands.
airline
post Dec 12 2009, 03:18 PM

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where is the exact location. is it behind shell or after toll?
tengster
post Dec 12 2009, 03:22 PM

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QUOTE(KLsooner @ Dec 12 2009, 03:09 PM)
Just check Google Map, the site is a abondon tin mine? I saw lakes and white sands.
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put up the googke map link pls
TSlegolas
post Dec 12 2009, 03:58 PM

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Does anyone know whether SPA legal/stamping fees and Loan legal/stamping fees will be waive for this project?
ausmat
post Dec 12 2009, 04:26 PM

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QUOTE(legolas @ Dec 12 2009, 03:58 PM)
Does anyone know whether SPA legal/stamping fees and Loan legal/stamping fees will be waive for this project?
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SPA Legal fees will be asorb by the developer, but you still need to pay the stamping fees of RM300.

Loan Legal/stamping have to pay, but can be put in as part of the loan.
jarrychong
post Dec 12 2009, 04:56 PM

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by 12pm just now almost sold out tower 2, tower 1 60% left


ethan99
post Dec 12 2009, 07:00 PM

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QUOTE(jarrychong @ Dec 12 2009, 04:56 PM)
by 12pm just now almost sold out tower 2, tower 1 60% left
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waulau... 3 days only launching about 70% gone? is this true?
TSlegolas
post Dec 12 2009, 09:06 PM

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about 70% have been sold out, tower 2 almost finish, but tower one still got some especially those facing the main road.

rclxms.gif
vincentlee
post Dec 12 2009, 10:35 PM

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QUOTE(babana @ Dec 10 2009, 06:19 PM)
wah, 1120 units? pretty high density if u ask me... hmm.gif
*
QUOTE(feizaiII @ Dec 11 2009, 06:18 PM)
Kind easy entry cost.. 1120 units in 5 block? kinda high density too
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agree with the above. a bit too high density for my taste.
cheraspeople
post Dec 12 2009, 11:15 PM

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yes it is quite high density but the price is attractive. Developer will pay you 7.5% of your unit price in 18 mths after construction and yet no interest charge during construction period. Hope it will appreaciate when completed.
airline
post Dec 12 2009, 11:19 PM

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i dont think any properties nearby sentosa appreciate before. maybe wrong
cheraspeople
post Dec 12 2009, 11:21 PM

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maybe but who knows after 4.5 years?
0106127
post Dec 13 2009, 12:22 AM

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QUOTE(graneon @ Dec 12 2009, 10:37 AM)
I'm going there today to find financing..might consider getting another unit if smaller unit still available. Anyway pbb & Cimb is out cos already have existing mortgage loans with them. Fyi pbb is offering free 42' LCD tv. Will Probably go for scb, UOB or OCBC. Since rate is the same , the lock in period shall be the deciding factor.
*
hihi.. u please pm me scb sales person contact.
i applied with uob n ocbc... didnt know abt scb package.

thanks


Added on December 13, 2009, 12:29 am
QUOTE(cheraspeople @ Dec 12 2009, 11:21 PM)
maybe but who knows after 4.5 years?
*
but with the new high way.. hope can appreciate
coz pj has got limited land left

This post has been edited by 106127: Dec 13 2009, 12:29 AM
airline
post Dec 13 2009, 04:22 AM

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guys u sure this is PJ address?
borebby
post Dec 13 2009, 09:27 AM

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i book a unit on the spot yesterday ....
not sure is good or not .... first time buy house ... little bit worry ...

ethan99
post Dec 13 2009, 10:02 AM

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QUOTE(airline @ Dec 13 2009, 04:22 AM)
guys u sure this is PJ address?
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i have checked with developer. they told me definitely under PJS address... in fact, i have check around that area also. some is PJS 1 to 3
cheraspeople
post Dec 13 2009, 10:12 AM

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i booked one also but a bit worried on ex-mining land. Per developer it shouldn't be any problem but of course they won't tell you the negative facts. However, i think they will do enough work before they build it.
lamode
post Dec 13 2009, 10:36 AM

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is this 99 year leasehold? anyone asked about the management fees?
graneon
post Dec 13 2009, 11:27 AM

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What's the problem with ex mining land. Remember kl is also once a mining area. Major residential area such as Sunway. Mutiara damansara, damansara Perdana , puchong etc are on ex mining land. Even sea reclaimation land is safe and ppl still buy i.e Melaka raya. At least is still safer than those solid land in Bukit antarabangsa. As long as earthwork & piling is done correctly, It should be safe. FYI the developer has completed many project around that area and I have yet to see building collapse.

ps: I love NPE highway... It makes my life smoother :-)

This post has been edited by graneon: Dec 13 2009, 11:49 AM
KLsooner
post Dec 13 2009, 01:23 PM

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First of all, I do not know where the exact site is, I searched Google map using the map attached by Legolas and found a site looks like a mining pond. I am not saying mining land is not good but for high rise, i just won't put my money into it, that's my choice, you have yours.


http://forum.lowyat.net/index.php?act=Atta...post&id=1351101

http://maps.google.com/maps?f=q&source=s_q...2,0.009624&z=17

This post has been edited by KLsooner: Dec 13 2009, 01:32 PM
airline
post Dec 13 2009, 01:26 PM

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is PJS a PJ address? Anyone.
eugene jk
post Dec 13 2009, 02:07 PM

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QUOTE(airline @ Dec 13 2009, 01:26 PM)
is PJS a PJ address? Anyone.
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Aiseh... this world there is something call "Double-U Double-U Double-U dot Google dot com" whistling.gif

http://pjcityplan.mbpj.gov.my/esubmission/...ASAN%20MBPJ.jpg

This post has been edited by eugene jk: Dec 13 2009, 02:07 PM
limyusiong
post Dec 13 2009, 02:50 PM

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jus back fr show unit...booked a unit, L type...this project is selling like hot cakes...i think nt much new project u can get around 2xxk around PJ area...2nd, de finance package 90/10 is attractive...de SA very proud to say, tis 90/10 scheme is 1st time apply to tis price range wo...

paid booking, tml submit to bank loan..hope 14 days can settle...then sign S&P, follow by EPF withdrawal....hope everything smooth smooth..

1 thing nt really like, de project onli can complete by 2013...which mean i gonna wait 3 yrs....

P/S: PBB loan is nt free 42" LCD tv, is lucky draw la...
kheekuan
post Dec 13 2009, 04:34 PM

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i was there during launching today and it's like pasar malam.. really no joke..

personally i've owned some properties and keen to build my portfolio.. thus drove around the area and survey survey a bit.. noticed it's surounded by Malay kampung (no offence to Malay folks) and kinda rundown though next to the proposed site has some completed shop lots.. doubt they will appreciate anytime soon due to the fact the opposite shop looks kinda checkai, reminds me of Sunway Mentari.. =(
graneon
post Dec 13 2009, 05:53 PM

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Chinese school in Malay kampong... How ironic
gstrapinuse
post Dec 13 2009, 06:36 PM

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Booked 1 unit, impulse buying without much survey coz its really a good deal at such price around PJ areas.

Later only found out that its located on ex mining area, high rise building on ex mining area? WTH? I'm not sure though.

I have made a survey on this 1120 Park Avenue Sdn Bhd in which is wholly owned by Peter's Holding Sdn Bhd, in which is quite a strong developer and they hold hundreds of millions worth of projects in hand, joining venture with CIMB Mappletree etc.

PS: My only concern now is not whether the building on ex mining land will collapse, coz almost whole KL is on ex mining lands. I'm afraid whether this developer will lari coz the project has nt even started yet.

This post has been edited by gstrapinuse: Dec 13 2009, 06:40 PM
TSlegolas
post Dec 13 2009, 06:39 PM

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Back from the show room, about 80% - 90% sold, Tower 2 only left the lower unit and few on 17th floors, kind of like market, croweded with lots of ppl.
I brings 2 frens with me, they all book for 15th and 16th floor tower 2, facing swimming pool. now we can bargain with banker to get more better package thumbup.gif
not many choices left for tower 2, for tower 1 still can choose for unit facing the main road there are many unit left there.
ethan99
post Dec 13 2009, 07:19 PM

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QUOTE(legolas @ Dec 13 2009, 06:39 PM)
Back from the show room, about 80% - 90% sold, Tower 2 only left the lower unit and few on 17th floors, kind of like market, croweded with lots of ppl.
I brings 2 frens with me, they all book for 15th and 16th floor tower 2, facing swimming pool. now we can bargain with banker to get more better package  thumbup.gif
not many choices left for tower 2, for tower 1 still can choose for unit facing the main road there are many unit left there.
*
Hi Legolas,

Make sure share with us what is the better rate from banker? do you know why ppls are buying tower2 more instead of tower1? any reason? if i not mistaken they are going to launch the 3 more towers. do you think this 1120 project can gain appreciation for 20% !!!
TSlegolas
post Dec 13 2009, 08:06 PM

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QUOTE(ethan99 @ Dec 13 2009, 07:19 PM)
Hi Legolas,

Make sure share with us what is the better rate from banker? do you know why ppls are buying tower2 more instead of tower1? any reason? if i not mistaken they are going to launch the 3 more towers. do you think this 1120 project can gain appreciation for 20% !!!
*
I have bought a unit on tower 2 facing West, for chinese it is not good but some say feng shui is more on how the entrance face instead, if anyone can shed some light here then will be good? I'm too rush of making the booking, just see and buy without thinking much - I'm rushing to work that day blush.gif just paste the order in 30 minutes time.... rclxub.gif

one side of the Tower 1 is facing the main road - perhaps this will produce noice hence more unit available, the side facing the swimming pool is almost fully book, but i think still can get for lower or higher one.

On tower 2, the side facing W and also facing swimming pool are almost full book (this is where my unit face), the other side is facing the field, after the field will be the second phase which is not launch yet.
Another selling point for tower 2 perhaps it is more nearer to swiming pool.

Base on the demand on the current phase, I think phase 2 will have at least 10% appreciation, let us wait and see, i'm very optimistic about the appreciation icon_rolleyes.gif
colt45
post Dec 13 2009, 08:25 PM

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guys.which bank offer the best deal?
OCBC ke, UOB ke, SC ke, PBB ke or CIMB?
Thanx for sharing
limyusiong
post Dec 13 2009, 08:43 PM

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according to broucher i collected, UOB offer best rate is BLR-1.85
airline
post Dec 13 2009, 09:31 PM

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20percent appreciation?
One can compare this project with Sri Jati or Zamrud Apartments. The going rental rate there around rm850-rm950.

Was seriously thinking to go for 850sq feet. then decided against it, condos built by peter there, not going up, depreciating, bad condition.
Expected rental cant cover installment as well for this project.

This post has been edited by airline: Dec 13 2009, 09:31 PM
TSlegolas
post Dec 13 2009, 10:54 PM

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QUOTE(colt45 @ Dec 13 2009, 08:25 PM)
guys.which bank offer the best deal?
OCBC ke, UOB ke, SC ke, PBB ke or CIMB?
Thanx for sharing
*
UOB can give -1.85, best rate amongst the other, CIMB giving -1.70 - according to them they can request more higher, SC is -1.8, the lock in period commence when you sign the offer letter, I think the rest is giving -1.8 too.
You can try apply all and see who will giving you the best package.


Added on December 13, 2009, 11:03 pmHi,

Anyone here is still think of which bank they choose?
I'm trying to bargain with bank to see if any of them can give the best rate, but if i could get more ppl join me i will have more bargain power.
If anyone interested can PM me with your email.


This post has been edited by legolas: Dec 13 2009, 11:03 PM
limwc78
post Dec 14 2009, 09:22 AM

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Just taken some show house photo on saturday.

Show House Image
limyusiong
post Dec 14 2009, 10:43 AM

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i bought it for own stay, so nt really considering on appreciation....mayb after 7-10 yrs, can sell it n look for bigger landed property if career is going smooth...
trextan
post Dec 14 2009, 11:06 AM

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i still don't understand how 4.5 yrs get free and no need to pay installment after 3 yrs property completed on this project. Can anyine explain?

This post has been edited by trextan: Dec 14 2009, 11:06 AM
gstrapinuse
post Dec 14 2009, 11:56 AM

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I asked my developer friend..they said without the notice board n also not yet started piling y have to pay 10%??Now i am kinda worry...
aliciaqsp
post Dec 14 2009, 12:55 PM

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hi..

as i know the S&P need to be sign within 14days.. is that exclude weekend and public holiday ??

or, for 11th december do that booking, need to sign the S&P by 25december ?? (but 25dec is x'mas) @@

klkow
post Dec 14 2009, 01:14 PM

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QUOTE(trextan @ Dec 14 2009, 11:06 AM)
i still don't understand how 4.5 yrs get free and no need to pay installment after 3 yrs property completed on this project. Can anyine explain?
*
yesterday, book one unit 870sqft tower 2. what i understand is that during 3yrs construction stage, developer will serve bank on onterest incurred.

for 18 months after VP, developer will subsidise the loan payment, which total equal to 7.5% of the loan sum.

These will be made as sub-agreement as package offered by developer.

Please correct me if i am wrong. thanks

QUOTE(gstrapinuse @ Dec 14 2009, 11:56 AM)
I asked my developer friend..they said without the notice board n also not yet started piling y have to pay 10%??Now i am kinda worry...
*
10% is for Signing of S&P. When piling works completed, you have to pay another 10%(or paid by your bank if you obtain 90% loan).

hope it helps

ethan99
post Dec 14 2009, 01:18 PM

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QUOTE(aliciaqsp @ Dec 14 2009, 12:55 PM)
hi..

as i know the S&P need to be sign within 14days.. is that exclude weekend and public holiday ??

or, for 11th december do that booking, need to sign the S&P by 25december ?? (but 25dec is x'mas) @@
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better you check with the developer...
airline
post Dec 14 2009, 01:36 PM

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i still don't understand how 4.5 yrs get free and no need to pay installment after 3 yrs property completed on this project.

this scheme never offered before in malaysia. maybe next time, all developers follow.

sunrise new launch offer something like this
trextan
post Dec 14 2009, 03:09 PM

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I just call to one of the sales person and ask. During 3 years contruction the installment to Bank not yet start. After 3 year contruction, we start pay the installment to the bank but Developer will refund the $$ back to us.Example: (RM 220,000 * 7.5%) / 18mth as payment back to you as almost what you pay to Bank after 3 yrs.
eugene jk
post Dec 14 2009, 03:19 PM

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QUOTE(gstrapinuse @ Dec 14 2009, 11:56 AM)
I asked my developer friend..they said without the notice board n also not yet started piling y have to pay 10%??Now i am kinda worry...
*
Then your developer friend tipu you la...

Read Jadual H http://www.hba.org.my/laws/housing_reg/2002/Jadual_H.pdf page 27

1) Apabila Perjanjian ini selesai ditandatangani - 10%
2) kerja-kerja di bawah aras bumi termasuk
menanam cerucuk dan kerja -kerja asas
bagi Bangunan tersebut yang mengandungi
Petak tersebut - 10%
sarsi00
post Dec 14 2009, 04:21 PM

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QUOTE(gstrapinuse @ Dec 14 2009, 11:56 AM)
I asked my developer friend..they said without the notice board n also not yet started piling y have to pay 10%??Now i am kinda worry...
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dont scare me la .............. i am seriously thinking ........ em
sk00
post Dec 14 2009, 04:48 PM

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Hi I was one of the buyer for this property Type M. Was very confuse on the 7.5% of the rebate. If the monthly loan amount is lesser than the 7.5% rebate of the property price, do i get back the 7.5% or do i get the loan amount rebate instead? Please help. Thanks
gstrapinuse
post Dec 14 2009, 04:51 PM

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QUOTE(aliciaqsp @ Dec 14 2009, 12:55 PM)
hi..

as i know the S&P need to be sign within 14days.. is that exclude weekend and public holiday ??

or, for 11th december do that booking, need to sign the S&P by 25december ?? (but 25dec is x'mas) @@
*
They told me 14 days not working days wor..
graneon
post Dec 14 2009, 05:03 PM

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QUOTE(sk00 @ Dec 14 2009, 04:48 PM)
Hi I was one of the buyer for this property Type M. Was very confuse on the 7.5% of the rebate. If the monthly loan amount is lesser than the 7.5% rebate of the property price, do i get back the 7.5% or do i get the loan amount rebate instead? Please help. Thanks
*
you get back 7.5% regardless of your loan amount.

My concern however is in the event the project is delayed, does the developer pays beyond the stipulated 4.5 years. Do we still entitle to ld if the project is delayed? What happened if subsale happens within 18 months? I have ask the SA about this but they are unable to give a firm answers. My advise is make sure you read the spa and other supplemental agreements before signing it. There may a lot of clause attached to it.

aliciaqsp
post Dec 14 2009, 05:11 PM

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QUOTE(ethan99 @ Dec 14 2009, 01:18 PM)
better you check with the developer...
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yes, i called already.. 14 days means, 14 working days exclude public holiday and sat , sun rclxms.gif
sk00
post Dec 14 2009, 05:14 PM

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QUOTE(graneon @ Dec 14 2009, 05:03 PM)
you get back 7.5% regardless of your loan amount.

My concern however is in the event the project is delayed, does the developer pays beyond the stipulated 4.5 years. Do we still entitle to ld if the project is delayed? What happened if subsale happens within 18 months? I have ask the SA about this but they are unable to give a firm answers. My advise is make sure you read the spa and other supplemental agreements before signing it. There may a lot of clause attached to it.
*
Thanks for your info. I had ask the SA about the delayed stuff and i do get to know that you will get the delay penalty reimbursment. As for the 18 months, it will be after you get the VP. So no matter how long the project delayed, the 18 months will only commenced once we get the VP. Yes, we get to extend the 4.5 years if the project is delayed but if the completion is earlier, it will shorten the 4.5 yrs. sad.gif. Hope it helps
iceanise
post Dec 14 2009, 05:49 PM

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dear all,

i am new in this forum and would like to share certain things on the purchase of Park Avenue Apartment.

I have made a downpayment for a unit on 12 Dec 2009.

Basically, if you are talking about the location, yes agreed that it's within the Malay settlement, you can see mat rempit at night and yes, that they dont adhere to rules, they don't wear helmet and you can even see a motorcycle with 4 people riding on it. I am staying nearby too, in taman buana perdana. Maybe i'd get used to the environment there (even though sometimes i really want to curse them when they don't even know how to use signal when they want to turn into another junction) just be a little bit more careful when driving, expect the unexpected like suddenly a motorbike come out from one junction.

Other than surrounded by malay settlement, the place seems to have good accessibility. You can go to KL without paying any toll and if you want to go to Sunway area, you can utilise the short cut. Of course, if you are not paying, please expect that you need to waste "time" to compensate that.

I have made a booking on M type facing the field (facing east) at lower floor (but not too low). I have survey the area before making up my mind to make the downpayment, i went to the site and observe the surrounding area. No comment on the mining land or etc because in KL, tell me which area is not ex-mining land??

Some point to ponder why people are buying more on Tower 2 compared to Tower 1 are listed as below;

1) Tower 1 - one side is facing swimming pool, the other side is facing main road. Most of the purchaser will choose to face the swimming pool rather than main road reason being

a) better view, balcony facing east (thus getting the morning sun and not evening sun - bet how hot it was to have the evening sun direct to your balcony, you can even place a chair to enjoy the evening ray). But please remember that you should only purchase upper unit as unit near swimming pool is very noisy but if you dont mind the noise, buy the one same level with the swimming pool...hahaha.

b) not many people buying those facing main road - this is the portion still available as mentioned by other forumers. Other than the dust and noise contributed by the main road....do you all notice that it's actually facing the sewerage tanks? And, you will have "nice" smell when the wind start to blow. No offence but it's true. Tower 1 act as a buffer for Tower 2. To put salt into wound, the balcony is facing west, mean it will be very hot during evening time.


2) Tower 2

a) As mentioned above, if you want to have a unit facing swimming pool, you must opt for Tower one to avoid the direct evening sun ray. If you choose Tower 2, then be ready to accept that your unit will have the evening sun. To avoid the evening sun, the only thing you can do is to choose a lower unit because Tower 1 will be blocking the direct sun for lower unit but the disadvantage is you "enjoy" the noise from the swimming pool if you are at lower level.

b) If you are facing open park, it can be consider as a good buy as you can predict that in front of you, there predicted developement which is another 3 block of apartment, if you are in upper floor, can see the swimming pool as well + greenery (park). Plus point, it's facing east, so it's only morning sun and no afternoon sun.


However, looking at the high density, 3 lifts servicing 14 units per floor and there's 17 level, the probability for breakdown is high. so, opting for a lower unit will be feasible, but do not choose the unit in ground as you need to install grill (another cost incurred) 1st floor and second floor is too near the ground and you will notice noise from the passing by vehicle. Further, there's a landing slab on 2nd floor, easy for people to climb in. Opt for unit at level 3 and above, and it will be save from noise and it would not be so hectic to climb the stair of 3 level when the lift breakdown.

If you were thinking to purchase, buy now because new block launching will have even higher density, further, the swimming pool is shared by 3 blocks compared to the current 2 blocks.

I know there's a lot of investor here and i understand that normally, the higher the condo, the greater value it possess but please think again, few year down the road....the lift might not be in good conditions. At that time, promote you lower unit saying that it's more reliable than to be in high up there.

Tired typing...if you all still want me tabulate the calculation from the developer, let me know....if not, dowan to waste you all time.


Added on December 14, 2009, 5:53 pmdear all,

i am new in this forum and would like to share certain things on the purchase of Park Avenue Apartment.

I have made a downpayment for a unit on 12 Dec 2009.

Basically, if you are talking about the location, yes agreed that it's within the Malay settlement, you can see mat rempit at night and yes, that they dont adhere to rules, they don't wear helmet and you can even see a motorcycle with 4 people riding on it. I am staying nearby too, in taman buana perdana. Maybe i'd get used to the environment there (even though sometimes i really want to curse them when they don't even know how to use signal when they want to turn into another junction) just be a little bit more careful when driving, expect the unexpected like suddenly a motorbike come out from one junction.

Other than surrounded by malay settlement, the place seems to have good accessibility. You can go to KL without paying any toll and if you want to go to Sunway area, you can utilise the short cut. Of course, if you are not paying, please expect that you need to waste "time" to compensate that.

I have made a booking on M type facing the field (facing east) at lower floor (but not too low). I have survey the area before making up my mind to make the downpayment, i went to the site and observe the surrounding area. No comment on the mining land or etc because in KL, tell me which area is not ex-mining land??

Some point to ponder why people are buying more on Tower 2 compared to Tower 1 are listed as below;

1) Tower 1 - one side is facing swimming pool, the other side is facing main road. Most of the purchaser will choose to face the swimming pool rather than main road reason being

a) better view, balcony facing east (thus getting the morning sun and not evening sun - bet how hot it was to have the evening sun direct to your balcony, you can even place a chair to enjoy the evening ray). But please remember that you should only purchase upper unit as unit near swimming pool is very noisy but if you dont mind the noise, buy the one same level with the swimming pool...hahaha.

b) not many people buying those facing main road - this is the portion still available as mentioned by other forumers. Other than the dust and noise contributed by the main road....do you all notice that it's actually facing the sewerage tanks? And, you will have "nice" smell when the wind start to blow. No offence but it's true. Tower 1 act as a buffer for Tower 2. To put salt into wound, the balcony is facing west, mean it will be very hot during evening time.


2) Tower 2

a) As mentioned above, if you want to have a unit facing swimming pool, you must opt for Tower one to avoid the direct evening sun ray. If you choose Tower 2, then be ready to accept that your unit will have the evening sun. To avoid the evening sun, the only thing you can do is to choose a lower unit because Tower 1 will be blocking the direct sun for lower unit but the disadvantage is you "enjoy" the noise from the swimming pool if you are at lower level.

b) If you are facing open park, it can be consider as a good buy as you can predict that in front of you, there predicted developement which is another 3 block of apartment, if you are in upper floor, can see the swimming pool as well + greenery (park). Plus point, it's facing east, so it's only morning sun and no afternoon sun.


However, looking at the high density, 3 lifts servicing 14 units per floor and there's 17 level, the probability for breakdown is high. so, opting for a lower unit will be feasible, but do not choose the unit in ground as you need to install grill (another cost incurred) 1st floor and second floor is too near the ground and you will notice noise from the passing by vehicle. Further, there's a landing slab on 2nd floor, easy for people to climb in. Opt for unit at level 3 and above, and it will be save from noise and it would not be so hectic to climb the stair of 3 level when the lift breakdown.

If you were thinking to purchase, buy now because new block launching will have even higher density, further, the swimming pool is shared by 3 blocks compared to the current 2 blocks.

I know there's a lot of investor here and i understand that normally, the higher the condo, the greater value it possess but please think again, few year down the road....the lift might not be in good conditions. At that time, promote you lower unit saying that it's more reliable than to be in high up there.

Tired typing...if you all still want me tabulate the calculation from the developer, let me know....if not, dowan to waste you all time.


Added on December 14, 2009, 5:53 pmdear all,

i am new in this forum and would like to share certain things on the purchase of Park Avenue Apartment.

I have made a downpayment for a unit on 12 Dec 2009.

Basically, if you are talking about the location, yes agreed that it's within the Malay settlement, you can see mat rempit at night and yes, that they dont adhere to rules, they don't wear helmet and you can even see a motorcycle with 4 people riding on it. I am staying nearby too, in taman buana perdana. Maybe i'd get used to the environment there (even though sometimes i really want to curse them when they don't even know how to use signal when they want to turn into another junction) just be a little bit more careful when driving, expect the unexpected like suddenly a motorbike come out from one junction.

Other than surrounded by malay settlement, the place seems to have good accessibility. You can go to KL without paying any toll and if you want to go to Sunway area, you can utilise the short cut. Of course, if you are not paying, please expect that you need to waste "time" to compensate that.

I have made a booking on M type facing the field (facing east) at lower floor (but not too low). I have survey the area before making up my mind to make the downpayment, i went to the site and observe the surrounding area. No comment on the mining land or etc because in KL, tell me which area is not ex-mining land??

Some point to ponder why people are buying more on Tower 2 compared to Tower 1 are listed as below;

1) Tower 1 - one side is facing swimming pool, the other side is facing main road. Most of the purchaser will choose to face the swimming pool rather than main road reason being

a) better view, balcony facing east (thus getting the morning sun and not evening sun - bet how hot it was to have the evening sun direct to your balcony, you can even place a chair to enjoy the evening ray). But please remember that you should only purchase upper unit as unit near swimming pool is very noisy but if you dont mind the noise, buy the one same level with the swimming pool...hahaha.

b) not many people buying those facing main road - this is the portion still available as mentioned by other forumers. Other than the dust and noise contributed by the main road....do you all notice that it's actually facing the sewerage tanks? And, you will have "nice" smell when the wind start to blow. No offence but it's true. Tower 1 act as a buffer for Tower 2. To put salt into wound, the balcony is facing west, mean it will be very hot during evening time.


2) Tower 2

a) As mentioned above, if you want to have a unit facing swimming pool, you must opt for Tower one to avoid the direct evening sun ray. If you choose Tower 2, then be ready to accept that your unit will have the evening sun. To avoid the evening sun, the only thing you can do is to choose a lower unit because Tower 1 will be blocking the direct sun for lower unit but the disadvantage is you "enjoy" the noise from the swimming pool if you are at lower level.

b) If you are facing open park, it can be consider as a good buy as you can predict that in front of you, there predicted developement which is another 3 block of apartment, if you are in upper floor, can see the swimming pool as well + greenery (park). Plus point, it's facing east, so it's only morning sun and no afternoon sun.


However, looking at the high density, 3 lifts servicing 14 units per floor and there's 17 level, the probability for breakdown is high. so, opting for a lower unit will be feasible, but do not choose the unit in ground as you need to install grill (another cost incurred) 1st floor and second floor is too near the ground and you will notice noise from the passing by vehicle. Further, there's a landing slab on 2nd floor, easy for people to climb in. Opt for unit at level 3 and above, and it will be save from noise and it would not be so hectic to climb the stair of 3 level when the lift breakdown.

If you were thinking to purchase, buy now because new block launching will have even higher density, further, the swimming pool is shared by 3 blocks compared to the current 2 blocks.

I know there's a lot of investor here and i understand that normally, the higher the condo, the greater value it possess but please think again, few year down the road....the lift might not be in good conditions. At that time, promote you lower unit saying that it's more reliable than to be in high up there.

Tired typing...if you all still want me tabulate the calculation from the developer, let me know....if not, dowan to waste you all time.



This post has been edited by iceanise: Dec 14 2009, 05:53 PM
gstrapinuse
post Dec 14 2009, 08:48 PM

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Any 1 mind to share which bank u guys are borrowing the loan?SCB will only borrow 87% if we wanna include the legal fees in da financing but MRTA is not compulsory.They encourage us to pay legal fees in cash.
sarsi00
post Dec 15 2009, 01:07 AM

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hey guys ,.... just want to know .. if i want to use my epf to pay part of the downpayment ... what is the procedure ar.. anyone can advise?
gstrapinuse
post Dec 15 2009, 10:57 AM

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QUOTE(sarsi00 @ Dec 15 2009, 01:07 AM)
hey guys ,.... just want to know .. if i want to use my epf to pay part of the downpayment ... what is the procedure ar.. anyone can advise?
*
I called up KWSP.They told me i have to sign S&P 1st..Get Borang 9C(fill in with black pen with all capital letters) and attached 1 copy of IC front n back in the same page,S&P agreement photostat,Loan agreement photostat,bring along all original documents to KWSP to be certified by their officer and submit directly to them.They will process within 21days. U can call to their customer service to enquire about the status of the application.
sarsi00
post Dec 15 2009, 11:10 AM

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QUOTE(gstrapinuse @ Dec 15 2009, 10:57 AM)
I called up KWSP.They told me i have to sign S&P 1st..Get Borang 9C(fill in with black pen with all capital letters) and attached 1 copy of IC front n back in the same page,S&P agreement photostat,Loan agreement photostat,bring along all original documents to KWSP to be certified  by their officer and  submit directly to them.They will process within 21days. U can call to their customer service to enquire about the status of the application.
*
thanx dude !!
mingyew
post Dec 15 2009, 11:13 AM

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actually this condo is build on a mining lake. u can try search in google map.

and if ur unit face to sunway side, u might have bad smell sometimes... u can try to ask around that who staying nearby.

This post has been edited by mingyew: Dec 15 2009, 11:19 AM
sarsi00
post Dec 15 2009, 11:35 AM

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oh..... got some oxygen pond nearby didnt notice .... really thinking hard .....now whether to go ahead .... i took the L type ........
cheraspeople
post Dec 15 2009, 11:35 AM

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QUOTE(mingyew @ Dec 15 2009, 11:13 AM)
actually this condo is build on a mining lake. u can try search in google map.

and if ur unit face to sunway side, u might have bad smell sometimes... u can try to ask around that who staying nearby.
*
Facing Sunway is facing where? East ot North? Why got bad smell. if really got smell it should happened to all facing right?
mingyew
post Dec 15 2009, 12:09 PM

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QUOTE(cheraspeople @ Dec 15 2009, 11:35 AM)
Facing Sunway is facing where? East ot North? Why got bad smell. if really got smell it should happened to all facing right?
*
Not the oxygen pond problem. I dunno how to describe the smell, pls read here http://aduntamanmedan.blogspot.com/2008/07...dimasukkan.html

Especially when raining, the smell is strong. Now is very weak compare to last time, but i still can smell it sometime

But i believe this smell pollution definitely will gone forever in future


Another reference:
http://streets.nst.com.my/Current_News/Str...465246/Article/
http://thestar.com.my/metro/story.asp?file...161&sec=central

This post has been edited by mingyew: Dec 15 2009, 12:14 PM
trextan
post Dec 15 2009, 12:10 PM

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Hi i have a unit booked that faced swimming pool on Tower 2. I plan to drop the booking as my company going to move to somewhere else that not near to the Park Avenue. If interest pm me.

Thanks.
sarsi00
post Dec 15 2009, 12:24 PM

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QUOTE(mingyew @ Dec 15 2009, 12:09 PM)
Not the oxygen pond problem. I dunno how to describe the smell, pls read here http://aduntamanmedan.blogspot.com/2008/07...dimasukkan.html

Especially when raining, the smell is strong. Now is very weak compare to last time, but i still can smell it sometime

But i believe this smell pollution definitely will gone forever in future
Another reference:
http://streets.nst.com.my/Current_News/Str...465246/Article/
http://thestar.com.my/metro/story.asp?file...161&sec=central
*
hey
where you live ar ? u also live nearby ?
em ............... you also got purchase a unit in this condo?
mingyew
post Dec 15 2009, 01:28 PM

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QUOTE(sarsi00 @ Dec 15 2009, 12:24 PM)
hey
where you live ar ? u also live nearby ?
em ............... you also got purchase a unit in this condo?
*
i stay sri sentosa, dint buy any unit.

for sri sentosa, property value never appreciate except the low density property like "sentosa court"
20yrsinsrisentosa
post Dec 15 2009, 04:16 PM

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QUOTE(mingyew @ Dec 15 2009, 12:09 PM)
Not the oxygen pond problem. I dunno how to describe the smell, pls read here http://aduntamanmedan.blogspot.com/2008/07...dimasukkan.html

Especially when raining, the smell is strong. Now is very weak compare to last time, but i still can smell it sometime

But i believe this smell pollution definitely will gone forever in future
Another reference:
http://streets.nst.com.my/Current_News/Str...465246/Article/
http://thestar.com.my/metro/story.asp?file...161&sec=central
*
u live in sri sentosa? how long already outsider? those smell is came from malay kampong facing sunway there la, used to be mountain rubbish, now it is removing some by some to build double storey house la


Added on December 15, 2009, 4:17 pm
QUOTE(mingyew @ Dec 15 2009, 01:28 PM)
i stay sri sentosa, dint buy any unit.

for sri sentosa, property value never appreciate except the low density property like "sentosa court"
*
u say ar? tmn sri sentosa u know or not? 20yrs ago sell at 25-30k, now already 70k la.


Added on December 15, 2009, 4:31 pm
QUOTE(airline @ Dec 13 2009, 09:31 PM)
20percent appreciation?
One can compare this project with Sri Jati or Zamrud Apartments. The going rental rate there around rm850-rm950.

Was seriously thinking to go for 850sq feet. then decided against it, condos built by peter there, not going up, depreciating, bad condition.
Expected rental cant cover installment as well for this project.
*
you or lueng1 at http://www.realestate.net.my/forum/viewtop...da01c6838d4df8e who is lying?

_________________
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Added on December 15, 2009, 4:37 pm
QUOTE(eugene jk @ Dec 14 2009, 03:19 PM)
Then your developer friend tipu you la...

Read Jadual H http://www.hba.org.my/laws/housing_reg/2002/Jadual_H.pdf page 27

1) Apabila Perjanjian ini selesai ditandatangani - 10%
2) kerja-kerja di bawah aras bumi termasuk
menanam cerucuk dan kerja -kerja asas
bagi Bangunan tersebut yang mengandungi
Petak tersebut - 10%
*
like the chinese often say la gstrapinuse, tak masak tak makan. if 1 friend is resourceful, 1 is enough. those wain-meat-friend don't take it seriously.


Added on December 15, 2009, 4:39 pm
QUOTE(gstrapinuse @ Dec 14 2009, 11:56 AM)
I asked my developer friend..they said without the notice board n also not yet started piling y have to pay 10%??Now i am kinda worry...
*
like the chinese often say la gstrapinuse, tak masak tak makan. if 1 friend is resourceful, 1 is enough. those wain-meat-friend don't take it seriously.

This post has been edited by 20yrsinsrisentosa: Dec 15 2009, 04:39 PM
mingyew
post Dec 15 2009, 04:47 PM

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seriously, im staying not longer than u... 25k,30k... do u mean those flat around pasar?

so u as a local sri sentosan ppl, how you see the newer project?
like avant court, avenue court, sentosa court, bayview court, etc... already appreciation how much?
sarsi00
post Dec 15 2009, 08:56 PM

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oh...bayview courts..that day i ask .. is about 98k.... almost 100% appreciate////
Manja court ... also not bad .... appreciated quite high....
limwc78
post Dec 16 2009, 05:57 PM

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Just want to check is it the nearest KTM station in jalan templer. I think the distance around 1km only.
20yrsinsrisentosa
post Dec 17 2009, 09:50 AM

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QUOTE(limwc78 @ Dec 16 2009, 05:57 PM)
Just want to check is it the nearest KTM station in jalan templer. I think the distance around 1km only.
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yes, the nearest ktm station is in jalan templer.
kee1
post Dec 17 2009, 10:01 AM

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QUOTE(20yrsinsrisentosa @ Dec 17 2009, 09:50 AM)
yes, the nearest ktm station is in jalan templer.
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no risk no gain



yoonchuan
post Dec 17 2009, 10:02 AM

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Hi, guys ! anyone can tell me how to reach the show unit or the actual site ? i am not familiar with the PJ area. If i just follow Old Klang road all the time, can i reach the places ?
20yrsinsrisentosa
post Dec 17 2009, 11:04 AM

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QUOTE(kee1 @ Dec 17 2009, 10:01 AM)
no risk no gain
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ktm is a risk? still new in property. anyway, i see it as nothing. i'm fine with it in the past 20 yrs in sri sentosa.
aliciaqsp
post Dec 17 2009, 11:16 AM

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QUOTE(yoonchuan @ Dec 17 2009, 10:02 AM)
Hi, guys ! anyone can tell me how to reach the show unit or the actual site ? i am not familiar with the PJ area. If i just follow Old Klang road all the time, can i reach the places ?
*
refer to google map
http://maps.google.com/maps?f=d&source=s_d...038581&t=h&z=15
20yrsinsrisentosa
post Dec 17 2009, 11:17 AM

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QUOTE(yoonchuan @ Dec 17 2009, 10:02 AM)
Hi, guys ! anyone can tell me how to reach the show unit or the actual site ? i am not familiar with the PJ area. If i just follow Old Klang road all the time, can i reach the places ?
*
i think you go to the show unit 1st coz it is next to the whole long old klang road, once you reach the show unit then you can asking the ppl there to the actual site, no worry, walking distance from show unit to actual site. so, now you follow old klang road all the time, from midvalley->taman_desa_entrance(left)->pearl_point_hotel(left)->police_station(right)->sri_sentosa_entrance(left)-wisma_peter(left). the show unit is inside wisma peter at level 2. anyway, if you follow old klang road all the time until reach a toll to go sunway, that mean you've missed wisma peter.


Added on December 17, 2009, 11:18 amnice, map + landmark for you now.

This post has been edited by 20yrsinsrisentosa: Dec 17 2009, 11:18 AM
yoonchuan
post Dec 17 2009, 11:58 AM

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Waw ! thanks , guys !
i guess i able to find the place ...
thanks again !

cheraspeople
post Dec 17 2009, 12:31 PM

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QUOTE(yoonchuan @ Dec 17 2009, 11:58 AM)
Waw ! thanks , guys !
i guess i able to find the place ...
thanks again !
*
If you are planning to get a unit for the 1st 2 block then better be quick because i just went there and there is only a few unit left. if i am not wrong tower 2 still left 1-2 and tower 1 still left a few.
yoonchuan
post Dec 17 2009, 12:39 PM

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Waw ...then mean by tomolo Block 1 and 2 sure will be fully sold out.
Then no choice , wait for 3rd block ....perhaps ...
juneodue
post Dec 17 2009, 02:17 PM

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I'm thinking to let go the unit that I have booked.
If interest, please e-mail me at juneodue@yahoo.co.jp

Thank you
limyusiong
post Dec 17 2009, 02:51 PM

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QUOTE(juneodue @ Dec 17 2009, 02:17 PM)
I'm thinking to let go the unit that I have booked.
If interest, please e-mail me at juneodue@yahoo.co.jp

Thank you
*
Y?y?y?????

i still waiting my loan to be approve...
aliciaqsp
post Dec 17 2009, 02:57 PM

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QUOTE(limyusiong @ Dec 17 2009, 02:51 PM)
Y?y?y?????

i still waiting my loan to be approve...
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getting any good rate?? mind to share share biggrin.gif
limyusiong
post Dec 17 2009, 03:08 PM

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QUOTE(aliciaqsp @ Dec 17 2009, 02:57 PM)
getting any good rate?? mind to share share biggrin.gif
*
belum lagi...nt yet...jus submitted 2 days ago...wiating for their reply lo....PBB might can give me -1.9 wo....
aliciaqsp
post Dec 17 2009, 03:24 PM

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QUOTE(limyusiong @ Dec 17 2009, 03:08 PM)
belum lagi...nt yet...jus submitted 2 days ago...wiating for their reply lo....PBB might can give me -1.9 wo....
*
BLR-1.9%?? wow.. sound good.. mind to share the package details??
is that flexi?? any T n C??
BLR-1.9% i also want !!! hehe


any banker can offer this or better than this? please pm me. thanks

This post has been edited by aliciaqsp: Dec 17 2009, 05:28 PM
juneodue
post Dec 17 2009, 03:36 PM

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QUOTE(limyusiong @ Dec 17 2009, 02:51 PM)
Y?y?y?????

i still waiting my loan to be approve...
*
The reason i want to let go is because I have difficulty in securing a loan because I`m staying and working in oversea.

I still applying the loan but its hard for me because the developer only give 14 working days.

I still think this condo is a good buy.
limwc78
post Dec 17 2009, 03:54 PM

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i read some comment before the 14 days never include the holiday. so should have around 3 weeks to proceed. I have few friends also work oversea but buying property in malaysia. Some investment , some for own stay. As they work oversea is Sg or Us dollor. When buying property is the best investment. Inmagine after 10 years come back to kl, at least have 5 property on hand either rent out or sold it also have a good return. But you work oversea normally they wouldn't give 90%, may be only 80%. I think you should not be a problem of 20% downpayment.

Just want to share my friends experience. The decision still base on you.
ohserena
post Dec 17 2009, 03:55 PM

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Those who went to the show units, mind to share this...

the tower 2 (B1) facing open field, what direction is it? North, south, east, west?


By the way, i am working oversea too. Why is it difficult to get loan? Because difficult to sign the document or the salary statement from oversea company is invalid, or regarding tax??

This post has been edited by ohserena: Dec 17 2009, 04:12 PM
juneodue
post Dec 17 2009, 04:10 PM

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QUOTE(limwc78 @ Dec 17 2009, 03:54 PM)
i read some comment before the 14 days never include the holiday. so should have around 3 weeks to proceed. I have few friends also work oversea but buying property in malaysia. Some investment , some for own stay. As they work oversea is Sg or Us dollor. When buying property is the best investment. Inmagine after 10 years come back to kl, at least have 5  property on hand either rent out or sold it also have a good return. But you work oversea normally they wouldn't give 90%, may be only 80%. I think you should not be a problem of 20% downpayment.

Just want to share my friends experience. The decision still base on you.
*
thank you for the advise smile.gif
aliciaqsp
post Dec 17 2009, 04:12 PM

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QUOTE(ohserena @ Dec 17 2009, 03:55 PM)
Those who went to the show units, mind to share this...

the tower 2 (B1) facing open field, what direction is it? North, south, east, west?
*
Facing east, getting morning sun
limwc78
post Dec 17 2009, 04:55 PM

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may i know what type you are booking juneodue. there might someone interest in http://mytotallyproperty.com/blog1/?p=722#comments stephanie.
yoonchuan
post Dec 17 2009, 04:59 PM

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juneodue, how much the unit that u booked ar ?
which floor on which block ?
dxt
post Dec 17 2009, 05:20 PM

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hello newbie here, i had make a unit booking at this 1120 avenue park.. M type tower 1 (B1)

my question is can somebody tell me where is the exact my unit is facing? The SA told me it's facing sri manja and sunway. rclxub.gif

from others forum that i read before which the unit facing west on tower 1 is not really that good, if like that maybe will try to change others unit if available..


thank you..
20yrsinsrisentosa
post Dec 17 2009, 05:26 PM

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QUOTE(dxt @ Dec 17 2009, 05:20 PM)
hello newbie here, i had make a unit booking at this 1120 avenue park.. M type tower 1 (B1)

my question is can somebody tell me where is the exact my unit is facing? The SA told me it's facing sri manja and sunway.  rclxub.gif 

from others forum that i read before which the unit facing west on tower 1 is not really that good, if like that maybe will try to change others unit if available..
thank you..
*
yes. b1 is facing sunway there. see below:


midvalley <- b? b? b4 b3 (swimming pool here) b2 b1 -> sunway
limwc78
post Dec 17 2009, 05:29 PM

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http://www.iproperty.com.my/openMainPhoto....155b8f5dfec.jpg

This is the block 1 layout plan and not unit is facing east. Accept 07 the side is facing east. Only block 2 is facing east, what is the unit number you book?


Added on December 17, 2009, 5:49 pmuser posted image

Hope the layout is correct, can some one check for me.

This post has been edited by limwc78: Dec 17 2009, 05:49 PM
20yrsinsrisentosa
post Dec 17 2009, 05:58 PM

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QUOTE(limwc78 @ Dec 17 2009, 05:29 PM)
http://www.iproperty.com.my/openMainPhoto....155b8f5dfec.jpg

This is the block 1 layout plan and not unit is facing east. Accept 07 the side is facing east. Only block 2 is facing east, what is the unit number you book?


Added on December 17, 2009, 5:49 pmuser posted image

Hope the layout is correct, can some one check for me.
*
it's damn correct.
dxt
post Dec 17 2009, 06:07 PM

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QUOTE(limwc78 @ Dec 17 2009, 05:29 PM)
http://www.iproperty.com.my/openMainPhoto....155b8f5dfec.jpg

This is the block 1 layout plan and not unit is facing east. Accept 07 the side is facing east. Only block 2 is facing east, what is the unit number you book?


Added on December 17, 2009, 5:49 pmuser posted image

Hope the layout is correct, can some one check for me.
*
thanks bro, i know where my unit is facing now.. balcony facing south.. luckily, i thought is facing west.. correct me if i m wrong...
anyway my unit is 08 type M... smile.gif

brianchinh
post Dec 17 2009, 06:54 PM

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QUOTE(dxt @ Dec 17 2009, 06:07 PM)
thanks bro, i know where my unit is facing now.. balcony facing south.. luckily, i thought is facing west.. correct me if i m wrong...
anyway my unit is 08 type M... smile.gif
*
My unit is Tower 1, 07-M. Which floor u r?
I'm still waiting for approval of loan. Will be either PPB or UOB.

This post has been edited by brianchinh: Jan 12 2010, 07:20 PM
limyusiong
post Dec 17 2009, 07:50 PM

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QUOTE(aliciaqsp @ Dec 17 2009, 03:24 PM)
BLR-1.9%?? wow.. sound good.. mind to share the package details??
is that flexi?? any T n C??
BLR-1.9% i also want !!! hehe
any banker can offer this or better than this? please pm me. thanks
*
belum lagi...de PBB SA told me will apply -1.9% for me, 90% of 247k loan, included 30 yrs MRTA and legal fees into loan....will update once i get approval ya.

anyone using EPF for downpayment???jus a quick question, let said i got 30k in account 2, but my downpayment is only 25k, can i take all 30k from acc 2?

Thx
sarsi00
post Dec 17 2009, 08:00 PM

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QUOTE(limyusiong @ Dec 17 2009, 07:50 PM)
belum lagi...de PBB SA told me will apply -1.9% for me, 90% of 247k loan, included 30 yrs MRTA and legal fees into loan....will update once i get approval ya.

anyone using EPF for downpayment???jus a quick question, let said i got 30k in account 2, but my downpayment is only 25k, can i take all 30k from acc 2?

Thx
*
yeah .. if this is your first house that you use EPF to purchase , other wise , you would need to settle the previous home loan first.. before using it again . smile.gif
this is as i recall from the epf officer ....

you sign the SPA already ?
dxt
post Dec 17 2009, 08:08 PM

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QUOTE(brianchinh @ Dec 17 2009, 06:54 PM)
My unit is Tower 1, 07-M, 4th floor. Which floor u r?
I'm still waiting for approval of loan. Will be either PPB or UOB.
*
i m 7th floor.. smile.gif
ya me too still waiting the loan from uob...


cheraspeople
post Dec 17 2009, 09:32 PM

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May i know are most of you buying it for investment?
yhlee12
post Dec 18 2009, 03:30 PM

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QUOTE(aquest @ Dec 10 2009, 06:21 PM)
the price u quoted is for bumi only. the actual price actually starts from RM180k up or around RM207 psf. service charge w/o sinking fund is 15 sen psf. currently opening just 2 (east-west orientation) of 5 blocks. each block has 14 units x 16 levels = 224 units. 1st 3 levels r used for carpark while the 4th fl houses the swimming pool n facilities.

u will be personally served by the boss peter's dotters. located at 7th mile okr/npe.

pro
1. only 1/2 km to NPE, excellent accessibility. on a straight line, its less than 2km from pj old town. using NPE can reach bangsar in 5 min & sunway in 3 min.
2. pay only 10% upfront. developer continues to 'absorb' next 18 mths of ur instalments (maximum up to 7.5% of the purchase price) after vp.
3. situated adjacent to Yuk Chun chinese primary school
4. can view all the actual 3 types of showunits.
5. all units come with 2 parking bays. bigger units have priority for side to side parking n lower level as well.

con
1. surrounded by low cost apts and many shoplots nearby r still untenanted for years after vp.
2. leasehold n ex-mining land.
3. developer reputation is less than mediocre but believe has impoved. they also developed the high end papillon in taman desa.
4. security concern in that petaling utama area. lotsa active mat rempits and reported snatch theft at nite. remember the body of a child in the bag was found outside a shop in petaling utama? its just opposite this project.

initially was attracted to the earlier estimated price of RM162k for smallest unit but left disappointed when told that its applicable only
to bumi.
*
bumped into this thread cause a friend of mine asking my opinion since i've been staying somewhere around for the past 2 yrs.
i support ur points. the place is good if u plan to stay there. accessibility is excellent. the mat rempits... not quite rempit la. most of them r residents near kg medan. u dun disturb them, they dun distrub u lo laugh.gif

appreciation, don't think so because of the environment.

This post has been edited by yhlee12: Dec 18 2009, 03:33 PM
klkow
post Dec 18 2009, 03:33 PM

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hi there,

Till now, the developer's lawyer has yet to call me for signing of S&P. Does it happen to all of u guys/gals?

limyusiong
post Dec 18 2009, 04:39 PM

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QUOTE(sarsi00 @ Dec 17 2009, 08:00 PM)
yeah .. if this is your first house that you use EPF to  purchase , other wise , you would need to settle the previous home loan first.. before using it again .  smile.gif
this is as i recall from the epf officer .... 

you sign the SPA already ?
*
belum, u need to get ready bank loan, then onli sign SPA, then go settle for EPF....

QUOTE(dxt @ Dec 17 2009, 08:08 PM)
i m 7th floor.. smile.gif
ya me too still waiting the loan from uob...
*
tower 1, 9th floor, L type here....i did apply for UOB as well, waiting reply from few banks....

QUOTE(cheraspeople @ Dec 17 2009, 09:32 PM)
May i know are most of you buying it for investment?
*
no, for own stay, tat y i no really k bout appreciation...

QUOTE(klkow @ Dec 18 2009, 03:33 PM)
hi there,

Till now, the developer's lawyer has yet to call me for signing of S&P. Does it happen to all of u guys/gals?
*
nt yet...i booked mine on last sun which is 13/12, i be given 14 working days for bank loan, then another 14 working days for EPF downpayment...
AbangCorp
post Dec 18 2009, 04:57 PM

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QUOTE(limyusiong @ Dec 18 2009, 04:39 PM)
belum, u need to get ready bank loan, then onli sign SPA, then go settle for EPF....
tower 1, 9th floor, L type here....i did apply for UOB as well, waiting reply from few banks....
no, for own stay, tat y i no really k bout appreciation...
nt yet...i booked mine on last sun which is 13/12, i be given 14 working days for bank loan, then another 14 working days for EPF downpayment...
*
dr all, if any of you want to release your booked under any circumstances
pls tell me especially bumi lot as i am looking into the cheapo one first & i am bumi, investment purposes

abangcorp@gmail.com

thanks
winner
post Dec 18 2009, 07:45 PM

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QUOTE(cheraspeople @ Dec 17 2009, 09:32 PM)
May i know are most of you buying it for investment?
*
The buyers consist of investors and owner-occupiers. I went to the site and sales office last Saturday. I saw a lot of young couples from all races so I guess they must be first home buyers. I am an investor but I didn't make a purchase. Location is not bad, pricing is affordable and the deferred payment scheme is tempting. I am sure the developer will increase the price soon. However, what I am a bit worried is whether the developer has the ability to complete the project, as they has not started any construction activities at the site yet taking into consideration that Phase 1 comprises more than 1000 units.
limwc78
post Dec 18 2009, 09:14 PM

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yes call me just now, ask to sign on this saturday. I say my due date suppose on next saturday. If I sign S&P already then loan not approve i need to detuct 1% of purchase price. mean RM 1879 need to forfeith. If after 14 days only sign S&P then no applicable for 4.5 years free interest.

Why they want to do that is it they also worry their property not confidence. Did anyone receive the same call like this.

This post has been edited by limwc78: Dec 18 2009, 09:20 PM
brianchinh
post Dec 18 2009, 10:50 PM

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QUOTE(winner @ Dec 18 2009, 07:45 PM)
The buyers consist of investors and owner-occupiers. I went to the site and sales office last Saturday. I saw a lot of young couples from all races so I guess they must be first home buyers. I am an investor but I didn't make a purchase. Location is not bad, pricing is affordable and the deferred payment scheme is tempting. I am sure the developer will increase the price soon. However, what I am a bit worried is whether the developer has the ability to complete the project, as they has not started any construction activities at the site yet taking into consideration that Phase 1 comprises more than 1000 units.
*
Phase 1 should be no more than 476 units based on the calculation 17x14x2=476 (lower grounds have less than 14 units per floor). And Phase 1 & 2 in total are 1120 units. That's where the name 1120 Park Avenue comes from smile.gif

This post has been edited by brianchinh: Dec 18 2009, 10:52 PM
20yrsinsrisentosa
post Dec 19 2009, 12:55 PM

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QUOTE(limwc78 @ Dec 18 2009, 09:14 PM)
yes call me just now, ask to sign on this saturday. I say my due date suppose on next saturday. If I sign S&P already then loan not approve i need to detuct 1% of purchase price. mean RM 1879 need to forfeith. If after 14 days only sign S&P then no applicable for 4.5 years free interest.

Why they want to do that is it they also worry their property not confidence. Did anyone receive the same call like this.
*
"If after 14 days only sign S&P then no applicable for 4.5 years free interest. " may i know does this apply to those requested additional 14 days to get money out from epf?


Added on December 19, 2009, 1:16 pm
QUOTE(limwc78 @ Dec 18 2009, 09:14 PM)
yes call me just now, ask to sign on this saturday. I say my due date suppose on next saturday. If I sign S&P already then loan not approve i need to detuct 1% of purchase price. mean RM 1879 need to forfeith. If after 14 days only sign S&P then no applicable for 4.5 years free interest.

Why they want to do that is it they also worry their property not confidence. Did anyone receive the same call like this.
*
not me at least. i did not receive the similar call.

This post has been edited by 20yrsinsrisentosa: Dec 19 2009, 01:16 PM
limwc78
post Dec 19 2009, 01:54 PM

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i book my unit on 12 december so, 26 consider due date. I think all should be same. They will call you all soon.
li_ping
post Dec 19 2009, 11:17 PM

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IMHO, for investment still OK but I won't stay there myself.
Ex mining land is quite risky.
eugene jk
post Dec 19 2009, 11:28 PM

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QUOTE(li_ping @ Dec 19 2009, 11:17 PM)
IMHO, for investment still OK but I won't stay there myself.
Ex mining land is quite risky.
*
If it can't even pass your "I can stay there" test, how do you expect your investment to be viable? hmm.gif

cheraspeople
post Dec 20 2009, 12:17 AM

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i dun understand y ppl dun wan to stay there? many ppl said cheras and kepong not a good area but y still many ppl lived there and houses are getting very expensive there? As of today you may still find 200K+ (1000+ sf) condo is not that cheap in PJS but 3 years down the road you may find it cheap because most condo probably already selling at 300K and above. A condo in Sri Kembangan is also not a good location but selling at ~280K (this year price).
Raub
post Dec 20 2009, 01:26 AM

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QUOTE(cheraspeople @ Dec 20 2009, 12:17 AM)
i dun understand y ppl dun wan to stay there? many ppl said cheras and kepong not a good area but y still many ppl lived there and houses are getting very expensive there? As of today you may still find 200K+ (1000+ sf) condo is not that cheap in PJS but 3 years down the road you may find it cheap because most condo probably already selling at 300K and above. A condo in Sri Kembangan is also not a good location but selling at ~280K (this year price).
*
who say kepong not is good place ? Manjalara 18 condo ..fire till RM520k d...
airline
post Dec 20 2009, 01:39 AM

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maybe cause its next to desa park city.
dpc link house 2 storey rm 1 million already.

kepong 1st residence sales still slow.
T816B
post Dec 20 2009, 09:27 AM

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QUOTE(eugene jk @ Dec 19 2009, 11:28 PM)
If it can't even pass your "I can stay there" test, how do you expect your investment to be viable?  hmm.gif
*
IMHO, "I can't stay there test" can't be used on every single person. If one is filthy rich, he/she will not want to stay in a medium cost apartment. But that does not mean the apartment is not viable as an investment. He/she can still buy & flip knowing many middle class people out there will stay there. Nope?


cheraspeople
post Dec 20 2009, 09:39 AM

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QUOTE(airline @ Dec 20 2009, 01:39 AM)
maybe cause its next to desa park city.
dpc link house 2 storey  rm 1 million already.

kepong 1st residence sales still slow.
*
If your theory is correct, then pjs is close to pj old town. so the condo price should be?


Added on December 20, 2009, 9:43 am
QUOTE(T816B @ Dec 20 2009, 09:27 AM)
IMHO, "I can't stay there test" can't be used on every single person. If one is filthy rich, he/she will not want to stay in a medium cost apartment. But that does not mean the apartment is not viable as an investment. He/she can still buy & flip knowing many middle class people out there will stay there. Nope?
*
Precisely!. Ppl already stay in Semi-D won't want to stay there but that doesn't mean nobody want to stay there. Middle class ppl will consider this place especially there are working in PJ or Sunway and they can't afford to buy a new landed house or condo there.


Added on December 20, 2009, 9:52 am
QUOTE(Raub @ Dec 20 2009, 01:26 AM)
who say kepong not is good place ? Manjalara 18 condo ..fire till RM520k d...
*
Don't get me wrong. Which place is good is very subjective. I have no relative in Kepong and my workplace is not near kepong hence i wont choose Kepong. My fren has family in kepong hence he likes Kepong. Same apply here. If ppl has family stay in Sunway, PJ, OUG, OKR, they may choose an affordable condo nearby rather then a expensive condo in a very good location.

This post has been edited by cheraspeople: Dec 20 2009, 09:52 AM
eugene jk
post Dec 20 2009, 11:24 AM

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QUOTE(T816B @ Dec 20 2009, 09:27 AM)
IMHO, "I can't stay there test" can't be used on every single person. If one is filthy rich, he/she will not want to stay in a medium cost apartment. But that does not mean the apartment is not viable as an investment. He/she can still buy & flip knowing many middle class people out there will stay there. Nope?
*
What our fren meant is not interms of Luxury but rather Safety..
T816B
post Dec 20 2009, 12:38 PM

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QUOTE(eugene jk @ Dec 20 2009, 11:24 AM)
What our fren meant is not interms of Luxury but rather Safety..
*
The argument remains even if it is meant for safety. One's acceptance of security level is different from others.

This post has been edited by T816B: Dec 20 2009, 08:51 PM
dream.angels
post Dec 20 2009, 05:39 PM

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went there jus now..
according to SA, phase 1 is sold out...
phase 2 is not launching till much later.. mayb aft CNY..
sheakhu
post Dec 20 2009, 05:59 PM

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QUOTE(airline @ Dec 20 2009, 01:39 AM)
maybe cause its next to desa park city.
dpc link house 2 storey  rm 1 million already.

kepong 1st residence sales still slow.
*
Not a long ago i been offer DPC around 750k, i should have been taken, Alas! still regret, But learn lesson, rolleyes.gif
misnail
post Dec 20 2009, 06:00 PM

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QUOTE(limwc78 @ Dec 18 2009, 09:14 PM)
yes call me just now, ask to sign on this saturday. I say my due date suppose on next saturday. If I sign S&P already then loan not approve i need to detuct 1% of purchase price. mean RM 1879 need to forfeith. If after 14 days only sign S&P then no applicable for 4.5 years free interest.

Why they want to do that is it they also worry their property not confidence. Did anyone receive the same call like this.
*
I received a call from the lawyer office asking me to sign the S&P by tomorrow, Monday. I booked my unit on 12th December 2009 and thus, I actually have until 26th December to sign it.

I'm confused now - 14th working days or 14th days (including PH, weekends)?

How am I supposed to sign S&P when I dont even know if my loan is approved or not!

WEIRD WEIRD WEIRD!
dream.angels
post Dec 20 2009, 06:09 PM

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QUOTE(winner @ Dec 18 2009, 07:45 PM)
The buyers consist of investors and owner-occupiers. I went to the site and sales office last Saturday. I saw a lot of young couples from all races so I guess they must be first home buyers. I am an investor but I didn't make a purchase. Location is not bad, pricing is affordable and the deferred payment scheme is tempting. I am sure the developer will increase the price soon. However, what I am a bit worried is whether the developer has the ability to complete the project, as they has not started any construction activities at the site yet taking into consideration that Phase 1 comprises more than 1000 units.
*
anyone knows d history of d developer?
supposedly, they haf done a few developments done before.. but under different comp names.. tho still under peters holdings s/b...
i tot phase 1 & 2 is 1120 units... not phase 1 alone more than 1000 units...correct me if i'm wrong..
masterelr
post Dec 20 2009, 06:27 PM

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Does anyone know when they will open the other towers for sale? I will only have time to have a look a few months later so I guess I've missed the first two towers.
dream.angels
post Dec 20 2009, 06:48 PM

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phase 2 will be aft CNY, according to d SA...
remaining 3 blocks....
cambede
post Dec 20 2009, 10:26 PM

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I might want to release my unit at Level 14, Tower 2, East facing, S. Thinking hard....
limwc78
post Dec 20 2009, 11:49 PM

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yes misnail, so actually i will only tell them i sign on saturday 26th. Because i got high commimment and too risky to sign. If loan not approve and after sign it. They will deduct around RM 1,879 charges. This is what i am not satisfied. I thing they few giving 4 and half year interest a bit more. So try to get back some unit together sale on next launch.
AbangCorp
post Dec 21 2009, 01:01 AM

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QUOTE(limwc78 @ Dec 20 2009, 11:49 PM)
yes misnail, so actually i will only tell them i sign on saturday 26th. Because i got high commimment and too risky to sign. If loan not approve and after sign it. They will deduct around RM 1,879 charges. This is what i am not satisfied. I thing they few giving 4 and half year interest a bit more. So try to get back some unit together sale on next launch.
*
dear all buyer

i know ppl, have bought the unit

presume 70% non bumi chinese and indian
30% bumi malay + aborigines

1 - progress so far

i heard that there is no sign board on given plane of land
but have there any earth work started yet
surveying etc

my father is an engineer, he seems to be more knowledgable
but i will try

2 - what is peter holdings track record

why is 1120 park avenue sdn bhd, what is the connection to peter's holding
bidding, won contract... hmmh

i see we miss this thing in the process, we discuss more about how to satisfy the company
loan approve and sign snp

but if they cabut just like that it will be even more painful having 10% thrown to them
if lambat siap not so la... if abandoned.... very painful

3 - loan arrangement

i heard no need to pay anything until unit completed with cf / key received (snp 3 year or 36 month)
another 18 month or 1 n half yr 7.5% paid by developer

bank selected - what is their source of income then
if they have so much money - why there is not even a progress

is there any different between one and another lawyer & banks


i heard
scb
pbb
uob


(5 banks cannot remember) only to enjoys the campaign


sorry for being so pesimistic - but liars a too many nowadays
i hope what i want to bring to all of you is confidence


Added on December 21, 2009, 1:35 ammy quick findings with my best friend www.google.com

http://www.malaysiapropertynews.com/2008/0...up-rm1b-kl.html

http://biz.thestar.com.my/news/story.asp?f...68&sec=business

http://www.metrohomes.com/appmain/hminfo/i...on=projecttrack

This post has been edited by AbangCorp: Dec 21 2009, 01:35 AM
yhlee12
post Dec 21 2009, 09:10 AM

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the whole project is being built on an ex-mining land.
early this yr the whole site area is still a mining pond. when i pass by yesterday i noticed a lot of those area are no longer filled with water.

they even diverted the water from the pond into the large drain beside the site area (quite some time ago).

i believe it takes a very long time to complete the ground work because it's ex-mining land. expected completion date of 2013 makes sense.

when the piling is up, the rest of the building will be very fast.
limwc78
post Dec 21 2009, 09:16 AM

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yes they mention the project complete on dec 2013. Mean until now is still have 4 years. They mention 4.5 year free interest. If they start building now. after complete only 0.5 years free interest rather then they say after completion still have 1.5 years. Or they will start work on dec 2010, so can they complete on time. But they haven;t do any piling yet, but why we need to pay 10%. Many question need to ask them.
dream.angels
post Dec 21 2009, 10:33 AM

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QUOTE(AbangCorp @ Dec 21 2009, 01:01 AM)
3 - loan arrangement

i heard no need to pay anything until unit completed with cf / key received (snp 3 year or 36 month)
another 18 month or 1 n half yr 7.5% paid by developer

bank selected - what is their source of income then
if they have so much money - why there is not even a progress

is there any different between one and another lawyer & banks
i heard
scb
pbb
uob
(5 banks cannot remember) only to enjoys the campaign
sorry for being so pesimistic - but liars a too many nowadays
i hope what i want to bring to all of you is confidence
*
errr... i tot bank is not d one coming out wif d money..
developer is paying for d interest.. for 1st 3 yrs, during construction...
then thereafter, 18 mths, 7.5% is given to owners..
then owners will use this to serve as bank installment.. or other things...
isn't it so... ?

This post has been edited by dream.angels: Dec 21 2009, 11:04 AM
ausmat
post Dec 21 2009, 11:09 AM

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QUOTE(limwc78 @ Dec 21 2009, 09:16 AM)
yes they mention the project complete on dec 2013. Mean until now is still have 4 years. They mention 4.5 year free interest. If they start building now. after complete only 0.5 years free interest rather then they say after completion still have 1.5 years. Or they will start work on dec 2010, so can they complete on time. But they haven;t do any piling yet, but why we need to pay 10%. Many question need to ask them.
*
After checking with developer, the whole project completion is on Dec 2013 (this include phase 1 and 2).

For phase 1, the completion will be on Jan 2013 (estimated) .

If you tent to go to the site, you can see there are some big machine is starting doing something, I belive it just site clearing.
gstrapinuse
post Dec 21 2009, 11:25 AM

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I asked them last week and they told me they've already done the earthwork.

I checked with Jabatan perumahan, they told me once the construction has started only they will put the signboard.If not, no need to put 1st.They are gonna start the construction after CNY.
limwc78
post Dec 21 2009, 11:26 AM

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hi ausmat,

thanks for clarify, if the phase 1 completed can we move in? I think cannot because it mention the whole project complete on dec 2013. So we still have to wait until end of dec 2013 only can get CF. It means after completed only 6 months free interest. So I am sure phase 2 no more 4.5 free interest offer.

dream.angels
post Dec 21 2009, 11:39 AM

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how come 6 mths interest free?
by end of yr 2013, it's already 3 yrs... no?
limwc78
post Dec 21 2009, 12:07 PM

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dec 2009 - dec 2010 1 year
dec 2010 - dec 2011 1 year
dec 2011 - dec 2012 1 year
dec 2012 - dec 2013 1 year

So construction is 4 years

so the after completion 1.5 years free interest how to count?

unless the dec 2009 - dec 2010 the construction period developer will not get the money from bank then only make sense.
20yrsinsrisentosa
post Dec 21 2009, 03:33 PM

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QUOTE(aliciaqsp @ Dec 17 2009, 03:24 PM)
BLR-1.9%?? wow.. sound good.. mind to share the package details??
is that flexi?? any T n C??
BLR-1.9% i also want !!! hehe
any banker can offer this or better than this? please pm me. thanks
*
fyi, uob approved my load application and give me -1.85% . mind to share u all one? thanks.
limwc78
post Dec 21 2009, 03:44 PM

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hi 20yrsinsrisentosa, When is your due date to sign s&p.
gstrapinuse
post Dec 21 2009, 03:53 PM

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Try to apply Hong Leong bank.They called me just now and told me they already join as panel for this project.Might can get zero cost and also -2.0 BLR...dunno how true..
20yrsinsrisentosa
post Dec 21 2009, 03:59 PM

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QUOTE(limwc78 @ Dec 21 2009, 03:44 PM)
hi 20yrsinsrisentosa, When is your due date to sign s&p.
*
nobody from developer side has ever call me to sign s&p... anyone know why?


Added on December 21, 2009, 4:05 pm
QUOTE(gstrapinuse @ Dec 21 2009, 03:53 PM)
Try to apply Hong Leong bank.They called me just now and told me they already join as panel for this project.Might can get zero cost and also -2.0 BLR...dunno how true..
*
just called to 1120PA sales office at 03-77829988 and they say HLB is not their panel bank... anyone have more info?

This post has been edited by 20yrsinsrisentosa: Dec 21 2009, 04:05 PM
limwc78
post Dec 21 2009, 04:08 PM

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hi 20yrsinsrisentosa, i don't know why, may be if your loan already approve better call them to arrange for s&p signing. If you do later they might say you already disqualify for the 4.5 scheme because you are not sign within 14 days. Because in the letter mention, if not sign within 14 days, they shall deem that you are no longer interested to proceed with the said purchase and they shall have the liberty to sell the said parvel without any further reference from you.
gstrapinuse
post Dec 21 2009, 04:11 PM

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QUOTE(20yrsinsrisentosa @ Dec 21 2009, 03:59 PM)
nobody from developer side has ever call me to sign s&p... anyone know why?


Added on December 21, 2009, 4:05 pm

just called to 1120PA sales office at 03-77829988 and they say HLB is not their panel bank... anyone have more info?
*
Really crazy..suddenly HLB bank called...now say not their panel bank...
20yrsinsrisentosa
post Dec 21 2009, 04:22 PM

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QUOTE(limwc78 @ Dec 21 2009, 04:08 PM)
hi 20yrsinsrisentosa, i don't know why, may be if your loan already approve better call them to arrange for s&p signing. If you do later they might say you already disqualify for the 4.5 scheme because you are not sign within 14 days. Because in the letter mention, if not sign within 14 days, they shall deem that you are no longer interested to proceed with the said purchase and they shall have the liberty to sell the said parvel without any further reference from you.
*
called to them again 5 min ago, been informed that around 100 ppl has signed S&P. this is what i heard from them.


Added on December 21, 2009, 4:30 pm
QUOTE(gstrapinuse @ Dec 21 2009, 04:11 PM)
Really crazy..suddenly HLB bank called...now say not their panel bank...
*
have you called to 1120AP to confirm too? if not because of finding this out, i gonna sign the S&P on wednesday...

This post has been edited by 20yrsinsrisentosa: Dec 21 2009, 04:30 PM
dxt
post Dec 21 2009, 04:30 PM

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sad.gif the lawyer called me to sign s&p also today.. but my loan haven't approved yet...
just curious why they call us so early?? i made the booking on 13/12/09.. and the due date should be fall on early of january wat... cause that '14days' should excluded PH right?
20yrsinsrisentosa
post Dec 21 2009, 04:33 PM

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QUOTE(dxt @ Dec 21 2009, 04:30 PM)
sad.gif  the lawyer called me to sign s&p also today.. but my loan haven't approved yet...
just curious why they call us so early?? i made the booking on 13/12/09.. and the due date should be fall on early of january wat... cause that '14days' should excluded PH right?
*
no, it's better you call them to check your expiry date of signing S&P. i book on 12 dec and they told me my due date to sign it in order to eligible the 4.5 yrs free interested in on 26 dec this saturday.
gstrapinuse
post Dec 21 2009, 04:36 PM

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QUOTE(dxt @ Dec 21 2009, 04:30 PM)
sad.gif  the lawyer called me to sign s&p also today.. but my loan haven't approved yet...
just curious why they call us so early?? i made the booking on 13/12/09.. and the due date should be fall on early of january wat... cause that '14days' should excluded PH right?
*
Within 14days ler...
misnail
post Dec 21 2009, 04:36 PM

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QUOTE(dxt @ Dec 21 2009, 04:30 PM)
sad.gif  the lawyer called me to sign s&p also today.. but my loan haven't approved yet...
just curious why they call us so early?? i made the booking on 13/12/09.. and the due date should be fall on early of january wat... cause that '14days' should excluded PH right?
*
I called the developer office to ask for clarification (I received similar call from the lawyer yesterday asking me to sign by today) on the 14 days clause. Developer said 14 days is inclusive weekends and Public holiday. I told them what I understand and what I have been told is that 14 days is excluding weekends and PH.

I was angry with various answers given by the developer and raised my voice. The lady then changed her answer and said that I can exclude weekends but not public holiday.

If I signed the S&P today and later my bank loan is rejected, I have to prove to them that minimum 2 banks have rejected my loan - then only I can get 100% refund. If not, I will be penalised with 1%.

I dont know what's the hurry with asking ppl to sign the S&P and pay 10% deposit.

Now I'm seriously beginning to doubt the developer!


aliciaqsp
post Dec 21 2009, 04:39 PM

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QUOTE(gstrapinuse @ Dec 21 2009, 04:36 PM)
Within 14days ler...
*
ask difference SA from the developer giving me difference answer. some said working days some said no exclude public holiday and weekend.

so i also very confusing now..

anyway, i get the special approval from their manager , i can sign in 14 days excluded public holiday.. ( means by 4 jan and also developer already inform my lawyer)

they didnt mention if i sign after 31dec2009, wherethere i still can get the 4.5 years promotion or not,

i will call to double confirm, my this "special approval" is that entitle to get the promotion..

This post has been edited by aliciaqsp: Dec 21 2009, 04:41 PM
colt45
post Dec 21 2009, 04:41 PM

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juz got a call from my SA from CIMB..
she said CIMB rejected loan for all application for this project..
Issit true??
Has anybody manage to secure a loan from CIMB?
gstrapinuse
post Dec 21 2009, 04:41 PM

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QUOTE(aliciaqsp @ Dec 21 2009, 04:39 PM)
ask difference SA from the developer giving me difference answer. some said working days some no included.

so i also very confusing now..

anyway, i get the special approval from their manager , i can sign in 14 days excluded public holiday..
they didnt mention if i sign after 31dec2009, i cant get the 4.5 years promotion,

i will call to double confirm, my this "special approval" is that entitle to get the promotion..
*
U better write a formal letter to the developer & lawyer say u need to wait for ur loan approval...at least u got black n white.If anything, ask them to give u black n white as well.
misnail
post Dec 21 2009, 04:43 PM

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QUOTE(colt45 @ Dec 21 2009, 04:41 PM)
juz got a call from my SA from CIMB..
she said CIMB rejected loan for all application for this project..
Issit true??
Has anybody manage to secure a loan from CIMB?
*
WAH! Umm.. any reason for this? CIMB is this project's panel bank wo....

CIMB knows something bad about this project? umm...
20yrsinsrisentosa
post Dec 21 2009, 04:43 PM

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QUOTE(colt45 @ Dec 21 2009, 04:41 PM)
juz got a call from my SA from CIMB..
she said CIMB rejected loan for all application for this project..
Issit true??
Has anybody manage to secure a loan from CIMB?
*
i told 1120AP SA that i would like to wait cimb, then they tell me that no need wait cimb coz they already met quota.
gstrapinuse
post Dec 21 2009, 04:45 PM

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QUOTE(20yrsinsrisentosa @ Dec 21 2009, 04:43 PM)
i told 1120AP SA that i would like to wait cimb, then they tell me that no need wait cimb coz they already met quota.
*
yaya..they accept few customers only..CIMB SA called me the other day...
limwc78
post Dec 21 2009, 04:55 PM

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hi 20yrsinsrisentosa, what do you mean met quota. IS it CIMB also worry about this project , so refuse to receive so many application. I start worry now?
20yrsinsrisentosa
post Dec 21 2009, 04:55 PM

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QUOTE(gstrapinuse @ Dec 21 2009, 04:45 PM)
yaya..they accept few customers only..CIMB SA called me the other day...
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"a few"... are you sure you have use the appropriate numeral-classifier compound? wondering cimb accept so few customer...
gstrapinuse
post Dec 21 2009, 04:58 PM

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QUOTE(20yrsinsrisentosa @ Dec 21 2009, 04:55 PM)
"a few"... are you sure you have use the appropriate numeral-classifier compound? wondering cimb accept so few customer...
*
This is what the CIMB SA told me..he told me that he will only proceed with my application when new quota open.
20yrsinsrisentosa
post Dec 21 2009, 04:58 PM

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QUOTE(limwc78 @ Dec 21 2009, 04:55 PM)
hi 20yrsinsrisentosa, what do you mean met quota. IS it CIMB also worry about this project , so refuse to receive so many application. I start worry now?
*
hmm... if i not mistaken that most probably mean, for example let say they will approve 100 applicant and the 101st applicant will not be entertained.
colt45
post Dec 21 2009, 05:07 PM

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QUOTE(limwc78 @ Dec 21 2009, 04:55 PM)
hi 20yrsinsrisentosa, what do you mean met quota. IS it CIMB also worry about this project , so refuse to receive so many application. I start worry now?
*
exactly..should continue or let go???..
hmmm
dxt
post Dec 21 2009, 05:09 PM

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update..
just called to the office and ask when is the due date for signing s&p.. they said all s&p should be signed on 26th of dec.. WTH?? then said will called back again later to get confirmation fr their boss....
limwc78
post Dec 21 2009, 05:17 PM

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So dxt, we are just waiting from your good news. Thanks
dxt
post Dec 21 2009, 06:45 PM

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sorry guys, no reply from the office... anyway will just wait and see till the due date..
sarsi00
post Dec 21 2009, 07:04 PM

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hey.. did you guys notice ... there is a mbpj sign board put up that will build a petronas in front of the condo....
em........ good or no good leh ?
joyhy
post Dec 21 2009, 07:37 PM

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QUOTE(limwc78 @ Dec 21 2009, 12:07 PM)
dec 2009 - dec 2010 1 year
dec 2010 - dec 2011 1 year
dec 2011 - dec 2012 1 year
dec 2012 - dec 2013 1 year

So construction is 4 years

so the after completion 1.5 years free interest how to count?

unless the dec 2009 - dec 2010 the construction period developer will not get the money from bank then only make sense.
*
juz call d sales person, she say is salah printing oh~
d actual Completion Date: dec 2012. rclxub.gif
dun know is true or nt~
mzmz
post Dec 21 2009, 07:39 PM

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QUOTE(dxt @ Dec 21 2009, 06:45 PM)
sorry guys, no reply from the office... anyway will just wait and see till the due date..
*
thinking of cancelling my booking
tower B 870 sf 15th floor facing swimming pool.type S1.
anybody interested?
do I manage to get back my rm2k deposit?
any penalty imposed?
pls help.
20yrsinsrisentosa
post Dec 21 2009, 09:00 PM

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CIMB SA already called me, told me to consider other bank offer. i've accepted uob offer, going to sign the s&p on thursday.
limyusiong
post Dec 21 2009, 09:28 PM

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hi 20yrsinsrisentosa and all,

UOB bank had approved my bank loan...gonna meet de UOB SA to get it tml...then plan to sign S&P by wed/ thurs..plan to wait PBB reply...so far i din receive any call to ask me sign S&P

i remember clearly when i check project completion date...they said is dec 2013...cannot be printing error, as their website oso stated de same thing...

now i bit of worry after so much of negative feedback bout tis project, bout de developer..

another weird thing, tat day i swipe 2k deposit using credit card...but i jus check statement, tat is no such transaction...any idea???
joyhy
post Dec 21 2009, 09:57 PM

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QUOTE(limyusiong @ Dec 21 2009, 09:28 PM)
hi 20yrsinsrisentosa and all,

UOB bank had approved my bank loan...gonna meet de UOB SA to get it tml...then plan to sign S&P by wed/ thurs..plan to wait PBB reply...so far i din receive any call to ask me sign S&P

i remember clearly when i check project completion date...they said is dec 2013...cannot be printing error, as their website oso stated de same thing...

now i bit of worry after so much of negative feedback bout tis project, bout de developer..

another weird thing, tat day i swipe 2k deposit using credit card...but i jus check statement, tat is no such transaction...any idea???
*
me oso a bit worry after so much weird thing, i oso havt receive call to ask me sign S&P too.
but if complete on dec 2013, it should be 4yrs, then they say 3 yrs interest pay by developer, how abt the 4th yr?
limyusiong
post Dec 21 2009, 10:04 PM

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read carefully when sign de S&P...i remember they claimed it as 3 yrs interest pay by developer during construction period....and 18 months or max 7.5% free AFTER DELIVERY....

which mean if u receive ur CF and house key on jan 2013, following 18 months stil free interest...m i rite???coz de key word is AFTER DELIVERY!
joyhy
post Dec 21 2009, 10:10 PM

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QUOTE(limyusiong @ Dec 21 2009, 10:04 PM)
read carefully when sign de S&P...i remember they claimed it as 3 yrs interest pay by developer during construction period....and 18 months or max 7.5% free AFTER DELIVERY....

which mean if u receive ur CF and house key on jan 2013, following 18 months stil free interest...m i rite???coz de key word is AFTER DELIVERY!
*
yaya, wat i worry is how abt if we receive d CF n the house key after jan 2013, let say we get d key on dec 2013,
so during jan 2013 till dec 2013, d interest who pay? hmm.gif

20yrsinsrisentosa
post Dec 21 2009, 11:13 PM

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QUOTE(limyusiong @ Dec 21 2009, 09:28 PM)
hi 20yrsinsrisentosa and all,

UOB bank had approved my bank loan...gonna meet de UOB SA to get it tml...then plan to sign S&P by wed/ thurs..plan to wait PBB reply...so far i din receive any call to ask me sign S&P

i remember clearly when i check project completion date...they said is dec 2013...cannot be printing error, as their website oso stated de same thing...

now i bit of worry after so much of negative feedback bout tis project, bout de developer..

another weird thing, tat day i swipe 2k deposit using credit card...but i jus check statement, tat is no such transaction...any idea???
*
me too, have been checked it few days back and i checked it once again few minutes ago, same result, no such transaction. will it work in a way like the deposit payment in some hotel? the hotel need us to put a few hundred there which they will return full amount to us if they found their room has nothing lost or damage?
alex_cyw1985
post Dec 21 2009, 11:25 PM

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if they use the old machine to swipe your card, I think they will go cleared it in batch.
20yrsinsrisentosa
post Dec 21 2009, 11:34 PM

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QUOTE(alex_cyw1985 @ Dec 21 2009, 11:25 PM)
if they use the old machine to swipe your card, I think they will go cleared it in batch.
*
ya, i think is old machine. use a device (a palm size) without wire look like those staple to punch 2 holes on a paper to swipe credit card.


Added on December 21, 2009, 11:39 pm
QUOTE(limyusiong @ Dec 21 2009, 10:04 PM)
read carefully when sign de S&P...i remember they claimed it as 3 yrs interest pay by developer during construction period....and 18 months or max 7.5% free AFTER DELIVERY....

which mean if u receive ur CF and house key on jan 2013, following 18 months stil free interest...m i rite???coz de key word is AFTER DELIVERY!
*
correct me if i am wrong, the 3 yrs interest pay by developer during construction period. the 18 months is called repayments after construction. meaning let say your unit is rm210k, the developer will pay you rm875 for 18 months, free interest doesn't apply in the 18 months, you just take the rm875and top up a bit to make the loan repayment if rm875 doesn't enough to cover your monthly repayment.

This post has been edited by 20yrsinsrisentosa: Dec 21 2009, 11:43 PM
sarsi00
post Dec 21 2009, 11:53 PM

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QUOTE(joyhy @ Dec 21 2009, 07:37 PM)
juz call d sales person, she say is salah printing oh~
d actual Completion Date: dec 2012. rclxub.gif
dun know is true or nt~
*
aiks .. now is 2012 or 2013 .. getting .. scared adi ............
really thinking hard now .. whether to get the unit ........
20yrsinsrisentosa
post Dec 21 2009, 11:58 PM

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QUOTE(sarsi00 @ Dec 21 2009, 11:53 PM)
aiks .. now is 2012 or 2013 .. getting .. scared adi ............
really thinking hard now .. whether to get the unit ........
*
wondering are there irresponsible developer or actually irresponsible SA that has provide inconsistent info to potential customer. faint...
joyhy
post Dec 22 2009, 12:53 AM

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ya, i oso thinking hard now. many weird thing happen.
worry abt d developer~
uSeLeSs
post Dec 22 2009, 02:09 AM

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QUOTE(joyhy @ Dec 21 2009, 07:37 PM)
juz call d sales person, she say is salah printing oh~
d actual Completion Date: dec 2012. rclxub.gif
dun know is true or nt~
*
bro, from the housing development act (schedule G), the property developer shall deliver the house within 36 months from the date of signing s&p...
joyhy
post Dec 22 2009, 02:17 AM

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QUOTE(uSeLeSs @ Dec 22 2009, 02:09 AM)
bro, from the housing development act (schedule G), the property developer shall deliver the house within 36 months from the date of signing s&p...
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takut they pusing pusing, then runaway....
that time i will becom crazy~ icon_question.gif
uSeLeSs
post Dec 22 2009, 02:21 AM

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QUOTE(joyhy @ Dec 22 2009, 02:17 AM)
takut they pusing pusing, then runaway....
that time i will becom crazy~ icon_question.gif
*
haha, if is late delivery of coz LAD will charge lo XD
limwc78
post Dec 22 2009, 09:09 AM

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did anyone already sign the s&p and writen in the s&p when is the completion date?


Added on December 22, 2009, 9:20 ameven the brochure the selling price they print is RM 13+,+++ rather than RM 162,000. Really not professional at all.

This post has been edited by limwc78: Dec 22 2009, 09:20 AM
aliciaqsp
post Dec 22 2009, 10:50 AM

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i have S&P with me, i requested from lawyer to let me take back one copy before i sign it.
i already scan it in pdf.

any one want it?
20yrsinsrisentosa
post Dec 22 2009, 11:00 AM

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QUOTE(aliciaqsp @ Dec 22 2009, 10:50 AM)
i have S&P with me, i requested from lawyer to let me take back one copy before i sign it.
i already scan it in pdf.

any one want it?
*
pm-ed you. thanks.
joyhy
post Dec 22 2009, 11:25 AM

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QUOTE(aliciaqsp @ Dec 22 2009, 10:50 AM)
i have S&P with me, i requested from lawyer to let me take back one copy before i sign it.
i already scan it in pdf.

any one want it?
*
yes. i want tq notworthy.gif
limyusiong
post Dec 22 2009, 11:29 AM

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QUOTE(aliciaqsp @ Dec 22 2009, 10:50 AM)
i have S&P with me, i requested from lawyer to let me take back one copy before i sign it.
i already scan it in pdf.

any one want it?
*
pm-ed u, thx
limwc78
post Dec 22 2009, 11:35 AM

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hi aliciaqsp ,

Did it mention when is the completion date of our project?
sk00
post Dec 22 2009, 11:37 AM

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QUOTE(aliciaqsp @ Dec 22 2009, 10:50 AM)
i have S&P with me, i requested from lawyer to let me take back one copy before i sign it.
i already scan it in pdf.

any one want it?
*
pm-ed you. Thanks
limwc78
post Dec 22 2009, 11:43 AM

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pm me as well. thanks
estherlo
post Dec 22 2009, 11:48 AM

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QUOTE(aliciaqsp @ Dec 22 2009, 10:50 AM)
i have S&P with me, i requested from lawyer to let me take back one copy before i sign it.
i already scan it in pdf.

any one want it?
*
can u pls send to me as well?

TQ
graneon
post Dec 22 2009, 11:50 AM

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Me too.. Thanks in advance
limwc78
post Dec 22 2009, 11:58 AM

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try to call them today, but nobody pick up the phone.
estherlo
post Dec 22 2009, 11:59 AM

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i was told by the developer that it will be completed in Dec 2013 for all 5 tower

however, HDA regulate the completion date of apartments/condominium to be not more than 3 years from date of S&P, how can they complete it in 4th year?
king4891
post Dec 22 2009, 12:01 PM

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QUOTE(aliciaqsp @ Dec 22 2009, 10:50 AM)
i have S&P with me, i requested from lawyer to let me take back one copy before i sign it.
i already scan it in pdf.

any one want it?
*
Yes, please PM. Thanks in advance.
misnail
post Dec 22 2009, 12:11 PM

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QUOTE(mzmz @ Dec 21 2009, 07:39 PM)
thinking of cancelling my booking
tower B 870 sf 15th floor facing swimming pool.type S1.
anybody interested?
do I manage to get back my rm2k deposit?
any penalty imposed?
pls help.
*
I called the office - They said there is a administration fee of RM500 if we want to cancel our booking. But I was told I can get the entire RM2k deposit when I made my booking at the show unit.

Does anyone know about the RM500 admin fee for cancellation? rclxub.gif
limyusiong
post Dec 22 2009, 12:21 PM

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QUOTE(estherlo @ Dec 22 2009, 11:59 AM)
i was told by the developer that it will be completed in Dec 2013 for all 5 tower

however, HDA regulate the completion date of apartments/condominium to be not more than 3 years from date of S&P, how can they complete it in 4th year?
*
i think because phase 2 haven launch...if they launch 6 months or 1 yr later, then it stil can complete within 36 months, which is 4th year of whole project...

36 months to complete after signing S&P....
raymond2451
post Dec 22 2009, 12:23 PM

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me.also want..tq

estherlo
post Dec 22 2009, 12:23 PM

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QUOTE(limyusiong @ Dec 22 2009, 12:21 PM)
i think because phase 2 haven launch...if they launch 6 months or 1 yr later, then it stil can complete within 36 months, which is 4th year of whole project...

36 months to complete after signing S&P....
*
Yeah...it is fine for phase 2 purchasers. But for phase 1 purchasers, it is already over 36 months form the S&P date. I dun think it is still called complied with HDA, am i right
king4891
post Dec 22 2009, 12:53 PM

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QUOTE(misnail @ Dec 22 2009, 12:11 PM)
I called the office - They said there is a administration fee of RM500 if we want to cancel our booking. But I was told I can get the entire RM2k deposit when I made my booking at the show unit.

Does anyone know about the RM500 admin fee for cancellation?  rclxub.gif
*
Don't make decision too fast, please segregate the problem facing now into few category. Then confirm which one is very serious.

If not serious then I think most of the developer also have problem regardless the value of the property.

Just think again, there are 5 panels bank provide loan on this project. Banker lend us money without earn interest and without receive our installment for 3 years. Why the bank want to do that?

Ok, another senario is the developer pay the bank interest and pay the installment for first 3 years. This is good news, because the developer have fund to do that. Don't forget 5 banks believe the developer able to do that.

Think first before you act further. Negative feedback is good but you won't know they are competitor. Internet are open to anybody and liar a lot.... trust me. smile.gif

This post has been edited by king4891: Dec 22 2009, 12:54 PM
raymond2451
post Dec 22 2009, 01:21 PM

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QUOTE(king4891 @ Dec 22 2009, 12:53 PM)
Don't make decision too fast, please segregate the problem facing now into few category. Then confirm which one is very serious.

If not serious then I think most of the developer also have problem regardless the value of the property.

Just think again, there are 5 panels bank provide loan on this project. Banker lend us money without earn interest and without receive our installment for 3 years. Why the bank want to do that?

Ok, another senario is the developer pay the bank interest and pay the installment for first 3 years. This is good news, because the developer have fund to do that. Don't forget 5 banks believe the developer able to do that.

Think first before you act further. Negative feedback is good but you won't know they are competitor. Internet are open to anybody and liar a lot.... trust me. smile.gif
*
as i know cimb bank is out for this project....
20yrsinsrisentosa
post Dec 22 2009, 01:25 PM

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QUOTE(raymond2451 @ Dec 22 2009, 01:21 PM)
as i know cimb bank is out for this project....
*
is out or given loan is met quota? developer and cimb sa both told me reach quota. what is the actual fact?


Added on December 22, 2009, 1:32 pmanyone is loan from cimb to prove that cimb met quota instead of out of this project?

This post has been edited by 20yrsinsrisentosa: Dec 22 2009, 01:32 PM
aliciaqsp
post Dec 22 2009, 01:55 PM

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-deleted-

to down S n P , please refer to new post

This post has been edited by aliciaqsp: Dec 22 2009, 04:23 PM
20yrsinsrisentosa
post Dec 22 2009, 01:57 PM

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QUOTE(aliciaqsp @ Dec 22 2009, 01:55 PM)
hi all, jus found here can attach doc..

please download the S n P here.  biggrin.gif
*
Thanks!!!
aliciaqsp
post Dec 22 2009, 02:06 PM

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QUOTE(misnail @ Dec 22 2009, 12:11 PM)
I called the office - They said there is a administration fee of RM500 if we want to cancel our booking. But I was told I can get the entire RM2k deposit when I made my booking at the show unit.

Does anyone know about the RM500 admin fee for cancellation?  rclxub.gif
*
yes, before i do the booking, the SA do told me will penalty rm500 if reject the booking.

the only way can save the rm2k with no penalty,is before sign S & P, u able to get 2 banks reject for your home loan.

for who already sign S&P n gave 10% down payment (example 20k), but cant get any loan from banks, u able to get back 10% of ur down payment (18k) from developer.

that is why i wanted confrim i get home loan then only sign the S&P.
raymond2451
post Dec 22 2009, 02:07 PM

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QUOTE(aliciaqsp @ Dec 22 2009, 01:55 PM)
hi all, jus found here can attach doc..

please download the S n P here.  biggrin.gif
*
Thanks.....any comman with this S&P?
king4891
post Dec 22 2009, 02:18 PM

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QUOTE(aliciaqsp @ Dec 22 2009, 01:55 PM)
hi all, jus found here can attach doc..

please download the S n P here.  biggrin.gif
*
Your are great man!!!!!!!!!!!!!!
20yrsinsrisentosa
post Dec 22 2009, 02:26 PM

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Anyone see the layout plan, site plan ...etc plan in the pdf??? we need to know are we paying rmxxxk for xxxsf!?
king4891
post Dec 22 2009, 02:30 PM

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QUOTE(aliciaqsp @ Dec 22 2009, 02:06 PM)
yes, before i do the booking, the SA do told me will penalty rm500 if reject the booking.

the only way can save the rm2k with no penalty,is before sign S & P, u able to get 2 banks reject for your home loan.

for who already sign S&P n gave 10% down payment (example 20k), but cant get any loan from banks, u able to get back 10% of ur down payment (18k) from developer.

that is why i wanted confrim i get home loan then only sign the S&P.
*
The SA told me must get rejected letter from 2 banks for RM1500 refund. RM500 forfeited for sure. Seem like different SA tell different story....
sk00
post Dec 22 2009, 02:39 PM

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QUOTE(king4891 @ Dec 22 2009, 02:30 PM)
The SA told me must get rejected letter from 2 banks for RM1500 refund. RM500 forfeited for sure. Seem like different SA tell different story....
*
SA told me if loan rejected, will only forfeited RM200 for admin fees and SA did not mention that need at least 2 loan rejected ..Seems like SA told us different thing
misnail
post Dec 22 2009, 02:42 PM

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QUOTE(king4891 @ Dec 22 2009, 02:30 PM)
The SA told me must get rejected letter from 2 banks for RM1500 refund. RM500 forfeited for sure. Seem like different SA tell different story....
*
Yes - That's what I have been getting, inconsistent answers from different SA from the same developer. I'm not impressed with the way they do business.

Luckily I have the name and phone number of the SA that told me about no cancellation fee will be imposed.
limwc78
post Dec 22 2009, 02:48 PM

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thanks, the attachment items no 25 already mention will completed within 36 months.


Added on December 22, 2009, 2:51 pmif only RM 200 admin fees is fine, same to other developer. If already sign s&p and loan not approve need to forfeith RM 2000 is not acceptable. Can anyone confirm this matter.

This post has been edited by limwc78: Dec 22 2009, 02:51 PM
limyusiong
post Dec 22 2009, 02:54 PM

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ya, item 25.1 stated clearly 36 months to be complete upon signing de S&P....i think tis is standard for other project as well...

well, received 3 bank call, UOB, PBB and SC...3 loan oso offer me, UOB with -1.85%, PBB end up onli can approve -1.8% and SC oso offer me -1.85%...i think will select UOB lol...

plan to sign S&P tml or thurs then proceed with EPF withdrawal...
king4891
post Dec 22 2009, 02:59 PM

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QUOTE(limyusiong @ Dec 22 2009, 02:54 PM)
ya, item 25.1 stated clearly 36 months to be complete upon signing de S&P....i think tis is standard for other project as well...

well, received 3 bank call, UOB, PBB and SC...3 loan oso offer me, UOB with -1.85%, PBB end up onli can approve -1.8% and SC oso offer me -1.85%...i think will select UOB lol...

plan to sign S&P tml or thurs then proceed with EPF withdrawal...
*
Let's all of us sing..... CONGRATULATION!!! CONGRATULATION!!! CONGRATULATION!!!
estherlo
post Dec 22 2009, 03:11 PM

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QUOTE(king4891 @ Dec 22 2009, 02:59 PM)
Let's all of us sing..... CONGRATULATION!!! CONGRATULATION!!! CONGRATULATION!!!
*
Just came back from the sales office. Saw a lot of people paying for 10% and signing agreement. Checked with the SA, was told that it will be completed within 36 months, which is end of 2012 or early 2013. The brochure end of 2013 is for phase 2, just an estimated time frame as they have not fixed the launching date of phase 2 when printing the brochure.
king4891
post Dec 22 2009, 03:22 PM

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QUOTE(misnail @ Dec 22 2009, 02:42 PM)
Yes - That's what I have been getting, inconsistent answers from different SA from the same developer. I'm not impressed with the way they do business.

Luckily I have the name and phone number of the SA that told me about no cancellation fee will be imposed.
*
Would appreciate if can PM the name and phone number of the SA. Tks.
LengLeng76
post Dec 22 2009, 03:35 PM

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Is the detail of the 3 years interest free and 18 months 7.5% documented in S&P? If no, where it will be documented?
gstrapinuse
post Dec 22 2009, 03:43 PM

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QUOTE(aliciaqsp @ Dec 22 2009, 01:55 PM)
hi all, jus found here can attach doc..

please download the S n P here.  biggrin.gif
*
Hi,

The S&P seems not completed.Some pages is missing.
limyusiong
post Dec 22 2009, 03:46 PM

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QUOTE(estherlo @ Dec 22 2009, 03:11 PM)
Just came back from the sales office. Saw a lot of people paying for 10% and signing agreement. Checked with the SA, was told that it will be completed within 36 months, which is end of 2012 or early 2013. The brochure end of 2013 is for phase 2, just an estimated time frame as they have not fixed the launching date of phase 2 when printing the brochure.
*
yer!!!hopefully everything smooth and unit can complete on time!!

QUOTE(LengLeng76 @ Dec 22 2009, 03:35 PM)
Is the detail of the 3 years interest free and 18 months 7.5% documented in S&P? If no, where it will be documented?
*
ya, tis thing i oso cant find in S&P...is kinda too technical for me, i think tis is de thing i wanna find out when signing S&P, hw de reimburstment work and documented???
estherlo
post Dec 22 2009, 03:49 PM

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QUOTE(LengLeng76 @ Dec 22 2009, 03:35 PM)
Is the detail of the 3 years interest free and 18 months 7.5% documented in S&P? If no, where it will be documented?
*
This was one of my question posted to the developer also. There will be a seperate letter between developer and purchaser for all the promotion items. The S&P is just a standard S&P.
20yrsinsrisentosa
post Dec 22 2009, 03:51 PM

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QUOTE(gstrapinuse @ Dec 22 2009, 03:43 PM)
Hi,

The S&P seems not completed.Some pages is missing.
*
no layout plan! no site plan!
limyusiong
post Dec 22 2009, 03:56 PM

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QUOTE(20yrsinsrisentosa @ Dec 22 2009, 03:51 PM)
no layout plan! no site plan!
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fren, relax la...when u wanna sign S&P?
LengLeng76
post Dec 22 2009, 04:00 PM

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QUOTE(estherlo @ Dec 22 2009, 03:49 PM)
This was one of my question posted to the developer also. There will be a seperate letter between developer and purchaser for all the promotion items. The S&P is just a standard S&P.
*
Did they mention when they will have the letter ready, I am not suprise it will be separate doc, but it should be sign off together with the s&p.
20yrsinsrisentosa
post Dec 22 2009, 04:07 PM

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QUOTE(limyusiong @ Dec 22 2009, 03:56 PM)
fren, relax la...when u wanna sign S&P?
*
after work later go to sign loan agreement with uob. tml morning go to sign s&p.
aliciaqsp
post Dec 22 2009, 04:11 PM

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hi all, so paiseh that i jus found tat the S & P version i attached previously got many pages hilang. tongue.gif

complete doc here.


Attached File(s)
Attached File  Schedule_H.pdf ( 576.98k ) Number of downloads: 221
Attached File  First_Schedule.pdf ( 82.56k ) Number of downloads: 166
Attached File  Deed_Of_Mutual_Covenants.pdf ( 1.57mb ) Number of downloads: 162
estherlo
post Dec 22 2009, 04:16 PM

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QUOTE(LengLeng76 @ Dec 22 2009, 04:00 PM)
Did they mention when they will have the letter ready, I am not suprise it will be separate doc, but it should be sign off together with the s&p.
*
It will be signed together with S&P
20yrsinsrisentosa
post Dec 22 2009, 04:17 PM

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QUOTE(aliciaqsp @ Dec 22 2009, 04:11 PM)
hi all, so paiseh that i jus found tat the S & P version i attached previously got many pages hilang. tongue.gif

complete doc here.
*
smile.gif release a deep breath... anyway, appreciated your effort ;-)
estherlo
post Dec 22 2009, 04:18 PM

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QUOTE(20yrsinsrisentosa @ Dec 22 2009, 04:07 PM)
after work later go to sign loan agreement with uob. tml morning go to sign s&p.
*
Signing loan agreement? or signing bank offer letter?

May i know why u choose UOB? I was told that SCB is locked in period is 5 years from offer letter which is the best among all
graneon
post Dec 22 2009, 04:19 PM

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Hi guys, the lawyers gave us the standard spa & dmc. The details of property was not yet ascribe in the spa. You guys can actually reject signing it. Ask for a complete spa with all detail clearly expressed before signing it and you will be able to defer payment for the balance 10%.

their sales team are makeshift team consists of staff from various department of the company and all are not properly trained. Information given contradicts and not reliable. I think the only person that can give an accurate info is their sales manager. Anybody knows who's that person? Their high end Papilion project sales is handled by real estate agents. If handled by it's own staff sure kena grill kau kau.

This post has been edited by graneon: Dec 22 2009, 04:21 PM
20yrsinsrisentosa
post Dec 22 2009, 04:22 PM

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QUOTE(aliciaqsp @ Dec 22 2009, 04:11 PM)
hi all, so paiseh that i jus found tat the S & P version i attached previously got many pages hilang. tongue.gif

complete doc here.
*
wait a minute, still no layout plan and other plan???
venven81
post Dec 22 2009, 04:23 PM

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hi peeps! i went to the sales gallery last sunday but of coz phase 1 was sold out di. registered my name for phase 2 and god knows when they will launch it. anyone here is letting go of their booked unit? i prefer the small unit with 3 bedrooms (s1 or s2 huh i forgot?).
20yrsinsrisentosa
post Dec 22 2009, 04:24 PM

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QUOTE(estherlo @ Dec 22 2009, 04:18 PM)
Signing loan agreement? or signing bank offer letter?

May i know why u choose UOB? I was told that SCB is locked in period is 5 years from offer letter which is the best among all
*
scb no update, yesterday called them and they told me will back to me in this 2 days.. besides, uob told me the locked in period is 5 years too, will double check later.
limyusiong
post Dec 22 2009, 04:31 PM

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tis 1 i can answer u, yes, UOB locked in period is 5 yrs....
estherlo
post Dec 22 2009, 04:46 PM

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It is 5 yrs from first drawdown

graneon
post Dec 22 2009, 04:46 PM

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Guy FYI we can claim full refunds if cancellation before spa is stamped. regardless of reason for cancellation The most they can deduct is admin fee for max rm50 as per HDA guidlines and credit card charges incurred by the developer if booking fee was paid via credit card. If the developer refuses to refund then you can filed your claim with tribunal. Tribunals will always side with buyers.
king4891
post Dec 22 2009, 04:48 PM

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QUOTE(20yrsinsrisentosa @ Dec 22 2009, 04:07 PM)
after work later go to sign loan agreement with uob. tml morning go to sign s&p.
*
Let's us sing again.. CONGRATULATION !!!!!!!! CONGRATULATION !!!!!!!! CONGRATULATION !!!!!!!! rclxms.gif rclxm9.gif thumbup.gif
sk00
post Dec 22 2009, 04:51 PM

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QUOTE(aliciaqsp @ Dec 22 2009, 04:11 PM)
hi all, so paiseh that i jus found tat the S & P version i attached previously got many pages hilang. tongue.gif

complete doc here.
*
Thanks for the S&P shared. Do you have the seperated document from developer stating the benefit of 7.5% reimbursement.
raymond2451
post Dec 22 2009, 04:53 PM

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hi king,

why u so happy? ur is loan approve?
20yrsinsrisentosa
post Dec 22 2009, 04:54 PM

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are u all care about the layout plan, site plan, etc plan? am i requesting the documents doesn't make sense?
king4891
post Dec 22 2009, 04:55 PM

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QUOTE(aliciaqsp @ Dec 22 2009, 04:11 PM)
hi all, so paiseh that i jus found tat the S & P version i attached previously got many pages hilang. tongue.gif

complete doc here.
*
If this copy still have problem also nevermind bro.... thanks for your effort!


Added on December 22, 2009, 5:01 pm
QUOTE(raymond2451 @ Dec 22 2009, 04:53 PM)
hi king,

why u so happy? ur is loan approve?
*
Hi,

I just pass up yesterday... lol...

I submited all five banks.

You already settle everything?


Added on December 22, 2009, 5:02 pm
QUOTE(graneon @ Dec 22 2009, 04:46 PM)
Guy FYI we can claim full refunds if cancellation before spa is stamped. regardless of reason for cancellation The most they can deduct is admin fee for max rm50 as per HDA guidlines and credit card charges incurred by the developer if booking fee was paid via credit card. If the developer refuses to refund then you can filed your claim with tribunal. Tribunals will always side with buyers.
*
Thanks for the information.


Added on December 22, 2009, 5:04 pm
QUOTE(20yrsinsrisentosa @ Dec 22 2009, 04:54 PM)
are u all care about the layout plan, site plan, etc plan? am i requesting the documents doesn't make sense?
*
S&P must have layout plan. Don't sign if do not provided within the S&P. Consult your lawyer.

Sorry... when I purchase from developer the S&P have layout plan but when I sell it the s&p do not have layout plan... Better consult Lawyer.

This post has been edited by king4891: Dec 22 2009, 05:10 PM
raymond2451
post Dec 22 2009, 05:05 PM

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QUOTE(king4891 @ Dec 22 2009, 04:55 PM)
If this copy still have problem also nevermind bro.... thanks for your effort!


Added on December 22, 2009, 5:01 pm

Hi,

I just pass up yesterday... lol...

I submited all five banks.

You already settle everything?


Added on December 22, 2009, 5:02 pm

Thanks for the information.


Added on December 22, 2009, 5:04 pm

S&P must have layout plan. Don't sign if do not provided within the S&P. Consult your lawyer.
*
still waiting bank...... sad.gif u unit in whice tower?
king4891
post Dec 22 2009, 05:11 PM

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QUOTE(raymond2451 @ Dec 22 2009, 05:05 PM)
still waiting bank...... sad.gif  u unit in whice tower?
*
Tower 2 Type L

You?
raymond2451
post Dec 22 2009, 05:15 PM

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QUOTE(king4891 @ Dec 22 2009, 05:11 PM)
Tower 2 Type L

You?
*
also tower 2 ,type M...

u sign S&P already?

king4891
post Dec 22 2009, 05:18 PM

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QUOTE(raymond2451 @ Dec 22 2009, 05:15 PM)
also tower 2 ,type M...

u sign S&P already?
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Not yet. waiting for loan to approve first. Cannot wait to pay and own it.... I love the location.... smile.gif
limyusiong
post Dec 22 2009, 05:32 PM

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but have to wait at least 3 yrs le..no choice lol
king4891
post Dec 22 2009, 05:39 PM

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QUOTE(limyusiong @ Dec 22 2009, 05:32 PM)
but have to wait at least 3 yrs le..no choice lol
*
haha... ya... 3 years..... but on and off just go there to see the progress.... bring some coffee there sit inside the car.... lol.....


Added on December 22, 2009, 5:42 pm
QUOTE(limyusiong @ Dec 22 2009, 05:32 PM)
but have to wait at least 3 yrs le..no choice lol
*
Which unit you bought? Lim.

This post has been edited by king4891: Dec 22 2009, 05:42 PM
aliciaqsp
post Dec 22 2009, 05:57 PM

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hi, HLB banker told me that, ->got news that they just got the EF and joined as a panel banker.

btw, i dunt know wat is EF la..


sk00
post Dec 22 2009, 06:08 PM

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QUOTE(aliciaqsp @ Dec 22 2009, 05:57 PM)
hi, HLB banker told me that, ->got news that they just got the EF and joined as a panel banker.

btw, i dunt know wat is EF la..
*
Can you give me the contact of the HLB banker?
aliciaqsp
post Dec 22 2009, 06:10 PM

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QUOTE(20yrsinsrisentosa @ Dec 21 2009, 04:55 PM)
"a few"... are you sure you have use the appropriate numeral-classifier compound? wondering cimb accept so few customer...
*
hi , i just get call from CIMB, my loan is already approved, but only offer me BLR-1.7%. sad.gif
waiting others bank to offer better rate.

king4891
post Dec 22 2009, 06:26 PM

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QUOTE(aliciaqsp @ Dec 22 2009, 06:10 PM)
hi , i just get call from CIMB, my loan is already approved, but only offer me BLR-1.7%.  sad.gif
waiting others bank to offer better rate.
*
I thought CIMB over quota.... my credit officer told me soon will over quota... but -1.7% too low..... i think SC or OCBC will get higher but becareful on their terms and conditions.
20yrsinsrisentosa
post Dec 22 2009, 06:50 PM

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QUOTE(sk00 @ Dec 22 2009, 06:08 PM)
Can you give me the contact of the HLB banker?
*
may i know the reason some of you interested to HLB? i dunno and would like to know the reason only, not other meaning.


Added on December 22, 2009, 6:52 pm
QUOTE(king4891 @ Dec 22 2009, 06:26 PM)
I thought CIMB over quota.... my credit officer told me soon will over quota... but -1.7% too low..... i think SC or OCBC will get higher but becareful on their terms and conditions.
*
cimb told me over quota, need to wait. sc haven't approve me when i called yesterday but their sa told me is -1.85%. just came back from uob, uob offered -1.85% too. uob sa told me cimb was over quota too, additional they said oversea bank is diff, no quota.

This post has been edited by 20yrsinsrisentosa: Dec 22 2009, 06:54 PM
limyusiong
post Dec 22 2009, 07:06 PM

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QUOTE(king4891 @ Dec 22 2009, 05:39 PM)
haha... ya... 3 years..... but on and off just go there to see the progress.... bring some coffee there sit inside the car.... lol.....


Added on December 22, 2009, 5:42 pm

Which unit you bought? Lim.
*
tower 1, 9th floor, L type!
kruzer
post Dec 22 2009, 08:17 PM

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QUOTE(aliciaqsp @ Dec 22 2009, 10:50 AM)
i have S&P with me, i requested from lawyer to let me take back one copy before i sign it.
i already scan it in pdf.

any one want it?
*
yes i want it.. tq
20yrsinsrisentosa
post Dec 22 2009, 08:23 PM

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QUOTE(kruzer @ Dec 22 2009, 08:17 PM)
yes i want it.. tq
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here you go http://forum.lowyat.net/topic/1255016/+240
gstrapinuse
post Dec 22 2009, 08:36 PM

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HLB banker told me they can offer BLR-1.65 with Zero Cost and BLR-1.9 with cost.
estherlo
post Dec 22 2009, 08:44 PM

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QUOTE(gstrapinuse @ Dec 22 2009, 08:36 PM)
HLB banker told me they can offer BLR-1.65 with Zero Cost and BLR-1.9 with cost.
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Can i have HLB contact number?
ntick
post Dec 22 2009, 09:50 PM

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Dear all,

i stay @ sentosa(later move to sri manja court) already 20 years ...
btw i am under 30....happy.gif any buyer is come from sentosa /sri manja??

i and my sister together are bought 1 unit in tower 2...
This is the 1st time we buy property....today my sister told me this saturday need go sign s&p

I had a question:
1)we are waiting loan from UOB bank(they said still in the process...), can i sign s&p without bank aproval?? if after sign. bank not approve...then how?? will forfeit/ charge me money?

2) second, did anyone already sign s&p, i just browse forum, some said never sign s&p without layout plan...is this true??

Thanks





sarsi00
post Dec 22 2009, 10:00 PM

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QUOTE(limyusiong @ Dec 22 2009, 07:06 PM)
tower 1, 9th floor, L type!
*
HI my future neighbour.. btw .. want to ask you , are you also going to withdraw epf for downpayment , what is the duration given to process this ar ?
limyusiong
post Dec 22 2009, 10:32 PM

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ya, i did check with them when i maked booking, they said is 14 days...i think should can on time....i will immediately to process de withdrawal after signing S&P...

u oso 9th floor ah???which type?
sarsi00
post Dec 22 2009, 10:41 PM

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QUOTE(limyusiong @ Dec 22 2009, 10:32 PM)
ya, i did check with them when i maked booking, they said is 14 days...i think should can on time....i will immediately to process de withdrawal after signing S&P...

u oso 9th floor ah???which type?
*
hahahhaha ....... 2 floors above smile.gif ic ic ....... aiks i think i better check with them tomorrow hehehhe .. not impressed with their
services....
gstrapinuse
post Dec 22 2009, 11:14 PM

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QUOTE(estherlo @ Dec 22 2009, 08:44 PM)
Can i have HLB contact number?
*
0175984381 Her name is Oii
king4891
post Dec 22 2009, 11:27 PM

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QUOTE(limyusiong @ Dec 22 2009, 07:06 PM)
tower 1, 9th floor, L type!
*
Great.. future neighbour.

This post has been edited by king4891: Dec 24 2009, 05:55 PM
ethan99
post Dec 22 2009, 11:31 PM

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Hi All,

I reviewed the S&P agreement under Fourth Schedule - Building Description - (j) Floor Finishes - Other Internal areas only status Ceramic Tiles !!!

I remembered during the booking, the SA & Peter's Daughter has told me that all the tiles shall be using 2x2 porcelain and now the agreement are not mention at all.

how could we sign the S&P with different information !!!

Anyone has realize this? or anyone has ask this during signing S&P?
estherlo
post Dec 22 2009, 11:35 PM

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I cant find it mentioned about 2 car park as well
king4891
post Dec 22 2009, 11:49 PM

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QUOTE(ntick @ Dec 22 2009, 09:50 PM)
Dear all,

i stay @ sentosa(later move to sri manja court) already 20 years ...
btw i am under 30....happy.gif  any buyer is come from sentosa /sri manja??

i and my sister together are bought 1 unit in tower 2...
This is the 1st time we buy property....today my sister told me this saturday need go sign s&p

I had a question:
1)we are waiting loan from UOB bank(they said still in the process...), can i sign s&p without bank aproval?? if after sign. bank not approve...then how?? will forfeit/ charge me money?

2) second, did anyone already sign s&p, i just browse forum, some said never sign s&p without layout plan...is this true??

Thanks
*
1) Better to wait until loan approved only proceed to sign s&p. Developer might not refund all of your 10% if cancel the deal (Refer to Schedule H 5.3 LOAN). Thus, if the developer say must provide reject letter from bank then most probably you will never get reject letter because bank will approve 80% or lower (Refer to Schedule H 5.4 LOAN). If you have 30% downpayment spare money then no problem to sign the s&p.

2) By right purchase from developer the s&p must have layout plan, if not they can deliver any layout as they want later. The copy of s&p provided by one of the brother/sister here which I think might miss out the layout plan. On the First Schedule should have the layout plan, some pages missing.

Hope it's help.

This post has been edited by king4891: Dec 23 2009, 01:06 AM
gstrapinuse
post Dec 22 2009, 11:52 PM

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QUOTE(estherlo @ Dec 22 2009, 11:35 PM)
I cant find it mentioned about 2 car park as well
*
Yea, me too.I ant find the 4.5yrs interest free..2.2 tiles also...
king4891
post Dec 22 2009, 11:53 PM

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QUOTE(ethan99 @ Dec 22 2009, 11:31 PM)
Hi All,

I reviewed the S&P agreement under Fourth Schedule - Building Description - (j) Floor Finishes - Other Internal areas only status Ceramic Tiles !!!

I remembered during the booking, the SA & Peter's Daughter has told me that all the tiles shall be using 2x2 porcelain and now the agreement are not mention at all.

how could we sign the S&P with different information !!!

Anyone has realize this? or anyone has ask this during signing S&P?
*
Utility room and yard cement only... I think most probably the corridor will be cement also... Will ask my neighbour whether want to share to tiles the entire floor... tongue.gif smile.gif
estherlo
post Dec 22 2009, 11:57 PM

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QUOTE(gstrapinuse @ Dec 22 2009, 11:52 PM)
Yea, me too.I ant find the 4.5yrs interest free..2.2 tiles also...
*
The 4.5 yrs is in a separate letter i mentioned before. They showed it to me. I did not ask about the car park as i thought it will be stated in the S&P
jarrychong
post Dec 23 2009, 01:17 AM

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promise 2X2 but s&p shows ceramic tiles?

hui jo lo kena con
limwc78
post Dec 23 2009, 06:31 AM

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If S&P never mention about car park is very risky. My borther last time bought an apartment and never mention about any car park. But the SA say got one car park, so after get the key. Really no car park at all. They developer mention one car park need RM 15,000. So must be careful.
fiecks84
post Dec 23 2009, 09:18 AM

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S&P does not mentioned car park
but deed does! smile.gif
gstrapinuse
post Dec 23 2009, 09:27 AM

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QUOTE(fiecks84 @ Dec 23 2009, 09:18 AM)
S&P does not mentioned car park
but deed does! smile.gif
*
Huh?What do u mean by deed??
fiecks84
post Dec 23 2009, 09:27 AM

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Hi all reader and forumer
I been reading this forum since the day the property launch
and being reading till now
FYI, i bought a unit, M type
I read a lot from this forum
some is confusing
some giving more vague info...
to be frank, my loan approved with -1.80% with OCBC
and I did sign S&P yesterday
the S&P did come with layout plan!@
sk00
post Dec 23 2009, 10:10 AM

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QUOTE(20yrsinsrisentosa @ Dec 22 2009, 06:50 PM)
may i know the reason some of you interested to HLB? i dunno and would like to know the reason only, not other meaning.


Added on December 22, 2009, 6:52 pm

cimb told me over quota, need to wait. sc haven't approve me when i called yesterday but their sa told me is -1.85%. just came back from uob, uob offered -1.85% too. uob sa told me cimb was over quota too, additional they said oversea bank is diff, no quota.
*
The reason why i am interested in HLB is to apply and see what benefit they can give extra..Each bank offer their benefit differently smile.gif
gstrapinuse
post Dec 23 2009, 10:16 AM

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QUOTE(sk00 @ Dec 23 2009, 10:10 AM)
The reason why i am interested in HLB is to apply and see what benefit they can give extra..Each bank offer their benefit differently smile.gif
*
Yaya...me 2...but i am more interested if they can Free Zero Cost...
king4891
post Dec 23 2009, 10:22 AM

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QUOTE(fiecks84 @ Dec 23 2009, 09:27 AM)
Hi all reader and forumer
I been reading this forum since the day the property launch
and being reading till now
FYI, i bought a unit, M type
I read a lot from this forum
some is confusing
some giving more vague info...
to be frank, my loan approved with -1.80% with OCBC
and I did sign S&P yesterday
the S&P did come with layout plan!@
*
The separate agreement have 3 years free interest, 7.5% rebate, 2 x 2 tiles and 2 car park?

The layout have the green lanscaping?

Thanks.


Added on December 23, 2009, 10:25 am
QUOTE(gstrapinuse @ Dec 23 2009, 10:16 AM)
Yaya...me 2...but i am more interested if they can Free Zero Cost...
*
Just for your information.

The lawyer fees can add into your loan. Zero Entry must aware on the agreement which might penalty for administration fees 5k if you sell your property within locking period.

Thus, the bank will give you lower BLR reduction for Zero Entry.

This post has been edited by king4891: Dec 23 2009, 10:25 AM
gstrapinuse
post Dec 23 2009, 10:29 AM

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Just for your information.

The lawyer fees can add into your loan. Zero Entry must aware on the agreement which might penalty for administration fees 5k if you sell your property within locking period.

Thus, the bank will give you lower BLR reduction for Zero Entry.
*

[/quote]


Yea,just see the Letter offer 1st lor...still can choose coz got so many banks.

KChan
post Dec 23 2009, 10:45 AM

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Hi all. I'm interested to see the Schedule 6 of the S&P. The S&P is standard document so most of the info is all in the Anex.
king4891
post Dec 23 2009, 10:46 AM

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QUOTE(sk00 @ Dec 23 2009, 10:10 AM)
The reason why i am interested in HLB is to apply and see what benefit they can give extra..Each bank offer their benefit differently smile.gif
*
I got HLB loan to refinance one of my property with zero entry and only 3% penalty within 5 years locking period. BLR -2.0 before Nov2009. Flexi Plan with benefit if I bank in full amount of the loan then the bank will not charge me interest but I still need to pay the installment until end of the tenure or end the loan.
20yrsinsrisentosa
post Dec 23 2009, 11:51 AM

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QUOTE(fiecks84 @ Dec 23 2009, 09:27 AM)
Hi all reader and forumer
I been reading this forum since the day the property launch
and being reading till now
FYI, i bought a unit, M type
I read a lot from this forum
some is confusing
some giving more vague info...
to be frank, my loan approved with -1.80% with OCBC
and I did sign S&P yesterday
the S&P did come with layout plan!@
*
just came back from signed s&p and loan offered.
got -1.85% with uob.
yes, s&p come with detailed layout plans.
2 car parks number is specified too.
interest payment during construction in 3 yrs time is specified. repayment after construction for 18 months is specified as well. but we must get all done (got loan approved, signed s&p, paid 10% of our property) to eligible for the mentioned promotion package.

haha... now almost the due date to sign s&p, can see a lot newbie account turn up in a sudden, most probably purposely create new account to contribute in this property and yes me too. been long in lowyat.net but purposely create this account for this property smile.gif

This post has been edited by 20yrsinsrisentosa: Dec 23 2009, 11:51 AM
limwc78
post Dec 23 2009, 11:55 AM

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Thanks 20yrsinsrisentosa,

You have answer most of the unclear question. rclxm9.gif
king4891
post Dec 23 2009, 12:03 PM

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QUOTE(20yrsinsrisentosa @ Dec 23 2009, 11:51 AM)
just came back from signed s&p and loan offered.
got -1.85% with uob.
yes, s&p come with detailed layout plans.
2 car parks number is specified too.
interest payment during construction in 3 yrs time is specified. repayment after construction for 18 months is specified as well. but we must get all done (got loan approved, signed s&p, paid 10% of our property) to eligible for the mentioned promotion package.

haha... now almost the due date to sign s&p, can see a lot newbie account turn up in a sudden, most probably purposely create new account to contribute in this property and yes me too. been long in lowyat.net but purposely create this account for this property smile.gif
*
bro.. UOB told you the MRTA can purchase separately with one of their insurance panel which you can get back some money after matured? If no, kick his/her ass.... lol...
20yrsinsrisentosa
post Dec 23 2009, 12:28 PM

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QUOTE(king4891 @ Dec 23 2009, 12:03 PM)
bro.. UOB told you the MRTA can purchase separately with one of their insurance panel which you can get back some money after matured? If no, kick his/her ass.... lol...
*
he advised me purchase separately e.g. purchase with my life insurance agent indeed.
king4891
post Dec 23 2009, 12:32 PM

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QUOTE(20yrsinsrisentosa @ Dec 23 2009, 12:28 PM)
he advised me purchase separately e.g. purchase with my life insurance agent indeed.
*
So far only UOB have this option. PBB allow to choose the number of years. The rest just follow total loan tenure.


Added on December 23, 2009, 12:34 pm
QUOTE(20yrsinsrisentosa @ Dec 23 2009, 11:51 AM)
just came back from signed s&p and loan offered.
got -1.85% with uob.
yes, s&p come with detailed layout plans.
2 car parks number is specified too.
interest payment during construction in 3 yrs time is specified. repayment after construction for 18 months is specified as well. but we must get all done (got loan approved, signed s&p, paid 10% of our property) to eligible for the mentioned promotion package.

haha... now almost the due date to sign s&p, can see a lot newbie account turn up in a sudden, most probably purposely create new account to contribute in this property and yes me too. been long in lowyat.net but purposely create this account for this property smile.gif
*
Let's us sing.... CONGRATULATION!!!!! CONGRATULATION!!!!! CONGRATULATION!!!!!

This post has been edited by king4891: Dec 23 2009, 12:34 PM
estherlo
post Dec 23 2009, 01:12 PM

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QUOTE(20yrsinsrisentosa @ Dec 23 2009, 11:51 AM)
just came back from signed s&p and loan offered.
got -1.85% with uob.
yes, s&p come with detailed layout plans.
2 car parks number is specified too.
interest payment during construction in 3 yrs time is specified. repayment after construction for 18 months is specified as well. but we must get all done (got loan approved, signed s&p, paid 10% of our property) to eligible for the mentioned promotion package.

haha... now almost the due date to sign s&p, can see a lot newbie account turn up in a sudden, most probably purposely create new account to contribute in this property and yes me too. been long in lowyat.net but purposely create this account for this property smile.gif
*
Hi 20yrsinsrisentosa

I have not got any offer letter yet, but tomorrow is the due date of signing S&P, can i sign the s&p and the promotion package first?
20yrsinsrisentosa
post Dec 23 2009, 01:47 PM

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QUOTE(estherlo @ Dec 23 2009, 01:12 PM)
Hi 20yrsinsrisentosa

I have not got any offer letter yet, but tomorrow is the due date of signing S&P, can i sign the s&p and the promotion package first?
*
not sure about that, the document left at home now can't check it... u can call to our lawyer at http://www.yellowpages.com.my/company/henr...-888191,wp.html and talk to a girl called sandra.
king4891
post Dec 23 2009, 02:25 PM

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QUOTE(sk00 @ Dec 23 2009, 10:10 AM)
The reason why i am interested in HLB is to apply and see what benefit they can give extra..Each bank offer their benefit differently smile.gif
*
Just confirm from HLB, they are not the project bank panel. They only give 1st year free interest.


Added on December 23, 2009, 2:28 pm
QUOTE(estherlo @ Dec 23 2009, 01:12 PM)
Hi 20yrsinsrisentosa

I have not got any offer letter yet, but tomorrow is the due date of signing S&P, can i sign the s&p and the promotion package first?
*
You can sign the S&P and the consequences will be as per Schedule H - 5.3 LOAN and 5.4.

If you don't have the S&P then let me know. I type it out here.

This post has been edited by king4891: Dec 23 2009, 02:28 PM
cheraspeople
post Dec 23 2009, 03:01 PM

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QUOTE(estherlo @ Dec 23 2009, 01:12 PM)
Hi 20yrsinsrisentosa

I have not got any offer letter yet, but tomorrow is the due date of signing S&P, can i sign the s&p and the promotion package first?
*
i also still applying my loan but i already signed the S&P. They will forfeit 1% of the purchased price if loan is not approved. BTW, i am taking the risk for this. If your are financially strong then dun have to worry.
king4891
post Dec 23 2009, 03:36 PM

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QUOTE(20yrsinsrisentosa @ Dec 23 2009, 11:51 AM)
just came back from signed s&p and loan offered.
got -1.85% with uob.
yes, s&p come with detailed layout plans.
2 car parks number is specified too.
interest payment during construction in 3 yrs time is specified. repayment after construction for 18 months is specified as well. but we must get all done (got loan approved, signed s&p, paid 10% of our property) to eligible for the mentioned promotion package.

haha... now almost the due date to sign s&p, can see a lot newbie account turn up in a sudden, most probably purposely create new account to contribute in this property and yes me too. been long in lowyat.net but purposely create this account for this property smile.gif
*
20yrsinsrisentosa,

interest payment during construction in 3 yrs time is specified.

Meaning the developer will bear the interest paid to the bank? If yes, your loan offer letter stated whole tenure -1.85% only? or 3 years free interest?

As I know, once contruction in progress. The bank will release our loan to the developer phase by phase. Mind to tell us how is your bank loan agreement?

Thanks.
20yrsinsrisentosa
post Dec 23 2009, 03:54 PM

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QUOTE(king4891 @ Dec 23 2009, 03:36 PM)
20yrsinsrisentosa,

interest payment during construction in 3 yrs time is specified.

Meaning the developer will bear the interest paid to the bank? If yes, your loan offer letter stated whole tenure -1.85% only? or 3 years free interest?

As I know, once contruction in progress. The bank will release our loan to the developer phase by phase. Mind to tell us how is your bank loan agreement?

Thanks.
*
Meaning the developer will bear the interest paid to the bank?
yes


your loan offer letter stated whole tenure -1.85% only?
yes. may i know what should have because maybe i've missed out here.


3 years free interest?
interested applied, but paid by developer instead in this 3 years.


Mind to tell us how is your bank loan agreement?
would you narrow down the question to 1 by 1 for me to answer?
limyusiong
post Dec 23 2009, 04:02 PM

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i oso jus back fr office there....signed S&P d...home loan oso settle...as wat 20yrsinsrisentosa everything stated in another document..S&P is those standard land law etc etc...

20yrsinsrisentosa, i saw a leng zai and a leng lui when i was there...they oso signing S&P...i think they bought under 2 name...is tat u???
20yrsinsrisentosa
post Dec 23 2009, 04:08 PM

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QUOTE(limyusiong @ Dec 23 2009, 04:02 PM)
i oso jus back fr office there....signed S&P d...home loan oso settle...as wat 20yrsinsrisentosa everything stated in another document..S&P is those standard land law etc etc...

20yrsinsrisentosa, i saw a leng zai and a leng lui when i was there...they oso signing S&P...i think they bought under 2 name...is tat u???
*
nope, i took half day leave to be there at in the early morning.
king4891
post Dec 23 2009, 04:56 PM

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QUOTE(20yrsinsrisentosa @ Dec 23 2009, 03:54 PM)
Meaning the developer will bear the interest paid to the bank?
yes
your loan offer letter stated whole tenure -1.85% only?
yes. may i know what should have because maybe i've missed out here.
3 years free interest?
interested applied, but paid by developer instead in this 3 years.
Mind to tell us how is your bank loan agreement?
would you narrow down the question to 1 by 1 for me to answer?
*
Ic... that's mean buyer are safe for the first 3 years interest free since the agreement stated.

I start to concern when SC told me their rate is 0% (yr 1), BLR-1.85% (yr 2 to thereafter) meaning the developer will save interest on the 1st year? rclxub.gif

In your case, the developer have to bear the interest from the first dispersement.

Thanks for the info.
limyusiong
post Dec 23 2009, 05:02 PM

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for my UOB loan offer letter stated whole tenure will be -1.85%...hehehe...

i manage to 8 something jus nw...2nd phase going to be launch by march...n price diff is bout 25k...and no more promo as 7.5%/18 months free d....well, i dun think it will selling like hot cake if they take out tis promo package la...

by de way, tis is jus rumous which is unconfirm...
20yrsinsrisentosa
post Dec 23 2009, 05:08 PM

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QUOTE(limyusiong @ Dec 23 2009, 05:02 PM)
for my UOB loan offer letter stated whole tenure will be -1.85%...hehehe...

i manage to 8 something jus nw...2nd phase going to be launch by march...n price diff is bout 25k...and no more promo as 7.5%/18 months free d....well, i dun think it will selling like hot cake if they take out tis promo package la...

by de way, tis is jus rumous which is unconfirm...
*
if it is truth, phase 1 has 2 towers, phase 2 has 3 towers (a tower more than phase 1), the developer no only earn back the promotion to phase 1 buyer, got additonal money in their pocket too. but the 3 towers in phase 2 have to be all sold out la biggrin.gif


Added on December 23, 2009, 5:11 pm
QUOTE(king4891 @ Dec 23 2009, 04:56 PM)
Ic... that's mean buyer are safe for the first 3 years interest free since the agreement stated.

I start to concern when SC told me their rate is 0% (yr 1), BLR-1.85% (yr 2 to thereafter) meaning the developer will save interest on the 1st year?  rclxub.gif

In your case, the developer have to bear the interest from the first dispersement.

Thanks for the info.
*
you're make sense... if so the developer should push/advice/recommend us take sc loan wat... wondering what's the logic behind...

This post has been edited by 20yrsinsrisentosa: Dec 23 2009, 05:11 PM
king4891
post Dec 23 2009, 05:21 PM

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QUOTE(limyusiong @ Dec 23 2009, 05:02 PM)
for my UOB loan offer letter stated whole tenure will be -1.85%...hehehe...

i manage to 8 something jus nw...2nd phase going to be launch by march...n price diff is bout 25k...and no more promo as 7.5%/18 months free d....well, i dun think it will selling like hot cake if they take out tis promo package la...

by de way, tis is jus rumous which is unconfirm...
*
25k.... good...... thumbup.gif

On track with my prediction... rclxm9.gif


Added on December 23, 2009, 5:36 pm
QUOTE(20yrsinsrisentosa @ Dec 23 2009, 05:08 PM)
if it is truth, phase 1 has 2 towers, phase 2 has 3 towers (a tower more than phase 1), the developer no only earn back the promotion to phase 1 buyer, got additonal money in  their pocket too. but the 3 towers in phase 2 have to be all sold out la biggrin.gif

First batch always have extra privilege and free gifts.... because we have the most risky compare to 2nd batch buyer. More risk more gain ma....  laugh.gif

ya... if both 7.5% rebate and free interest taking out.... phase 2 gonna be slow... People will think not worth it although the selling price still reasonable.


Added on December 23, 2009, 5:11 pm
you're make sense... if so the developer should push/advice/recommend us take sc loan wat... wondering what's the logic behind...
*
Ya lor... first, bank will not invest on the project without taking any profit. Maybe they have agreement to share the interest... doh.gif


Added on December 23, 2009, 5:40 pm
QUOTE(king4891 @ Dec 23 2009, 02:25 PM)
Just confirm from HLB, they are not the project bank panel. They only give 1st year free interest.


Added on December 23, 2009, 2:28 pm

You can sign the S&P and the consequences will be as per Schedule H - 5.3 LOAN and 5.4.

If you don't have the S&P then let me know. I type it out here.
*
Just to correct my reply on the HLB bank... since SC also provide 0% (yr 1), BLR-1.85% (yr 2 to thereafter) then we have to ask 1120pa whether they accept HLB or not. The credit officer also don't know about it.

This post has been edited by king4891: Dec 23 2009, 05:40 PM
ethan99
post Dec 23 2009, 06:10 PM

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QUOTE(limyusiong @ Dec 23 2009, 05:02 PM)
for my UOB loan offer letter stated whole tenure will be -1.85%...hehehe...

i manage to 8 something jus nw...2nd phase going to be launch by march...n price diff is bout 25k...and no more promo as 7.5%/18 months free d....well, i dun think it will selling like hot cake if they take out tis promo package la...

by de way, tis is jus rumous which is unconfirm...
*
Again i heard different answer from developer... Anyway, the Peter's daughter told me all the promotion will follow the same giving for phase-2(3 towers). except starting prices will increase 10% !!!

congrats for all the buyers... also there are many registers for phase-2 already. i think will sell like hot cake again for the next launch.
king4891
post Dec 23 2009, 06:47 PM

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QUOTE(ethan99 @ Dec 23 2009, 06:10 PM)
Again i heard different answer from developer... Anyway, the Peter's daughter told me all the promotion will follow the same giving for phase-2(3 towers). except starting prices will increase 10% !!!

congrats for all the buyers...  also there are many registers for phase-2 already. i think will sell like hot cake again for the next launch.
*
Woww.... 10%... it's really good news to phase 1 buyer.... Peter's next project in the area will be more highend.... Great move Peter's!


Added on December 23, 2009, 6:49 pm
QUOTE(ethan99 @ Dec 23 2009, 06:10 PM)
Again i heard different answer from developer... Anyway, the Peter's daughter told me all the promotion will follow the same giving for phase-2(3 towers). except starting prices will increase 10% !!!

congrats for all the buyers...  also there are many registers for phase-2 already. i think will sell like hot cake again for the next launch.
*
By the way, Peter's daughter always in the showroom? I just curious only because normally big guys won't show up. rolleyes.gif

But nowaday modern management strategic where the boss are more down to earth... You are great, Peter's Daughter....

This post has been edited by king4891: Dec 24 2009, 05:59 PM
ethan99
post Dec 23 2009, 07:13 PM

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Anyway, the SA are not knowledgeable enough... i think they shall improves this for the phase-2 launching...
In fact, i have also share this to the 3 daughter. hopefully i can see the improvement later !!!
estherlo
post Dec 23 2009, 07:26 PM

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i haven't got any bank offer yet

can anyone share the loan package? say interest rate, locked in period, flexibility and others of SCB, UOB, OCBC, CIMB and PBB?

which is the best?
limyusiong
post Dec 23 2009, 10:11 PM

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at least tat is some similar point there,phase 2 going to increase at least 25k or 10%!!!!!
king4891
post Dec 23 2009, 11:58 PM

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QUOTE(limyusiong @ Dec 23 2009, 10:11 PM)
at least tat is some similar point there,phase 2 going to increase at least 25k or 10%!!!!!
*
If it is true phase 2 will increase 10% then after completed will increase another 10%. Hopefully Peter's will come out more highend project at the area to boost the appreciation. smile.gif

This post has been edited by king4891: Dec 23 2009, 11:59 PM
AbangCorp
post Dec 24 2009, 01:28 AM

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QUOTE(king4891 @ Dec 23 2009, 11:58 PM)
If it is true phase 2 will increase 10% then after completed will increase another 10%. Hopefully Peter's will come out more highend project at the area to boost the appreciation. smile.gif
*
Saw 1 lawyer, ready to arrange SnP signing today

The problem is now I am trying to get Islamic Loan for this promotional scheme, is it possible. Trying so hard with PBB, I am waiting for their answers.

Can any buyer line out which one need to pay on top of the price
legal fee, so and so... which one can be included into the installment, which one don't

I know Legal Fees disbursement to Solicitor RM300 recommended paid by cash, does that mean cannot be included in the installment



2 parts

1 - loan agreement

MRTA which is compulsory
(not remember clearly, need to open my book again)

2 - SnP agreement

mind to add




By the way, these projects developed by Peter Holdings, maybe informative, SA of peter also came from Ipoh Branch

PJS1
Shoptlot - 74 Shop Office
Damai Senja
Low Cost
Papillion, Taman Desa [ under construction ]
Bukit Tenaga

i maybe misspell
aliciaqsp
post Dec 24 2009, 10:16 AM

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my banker told me that if i want my lock in period start from construction time (1st time withdraw), then i need to do installment b4 the condo is complete, for my principle even though the interest is paying by the developer,

so if i only wan to start my installment when i get the key, the lock period need to count from the date i receive the key.

is that correct?
20yrsinsrisentosa
post Dec 24 2009, 10:41 AM

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QUOTE(aliciaqsp @ Dec 24 2009, 10:16 AM)
my banker told me that if i want my lock in period start from construction time (1st time withdraw), then i need to do installment  b4 the condo is complete, for my principle even though the interest is paying by the developer,

so if i only wan to start my installment when i get the key, the lock period need to count from the date i receive the key.

is that correct?
*
"so if i only wan to start my installment when i get the key, the lock period need to count from the date i receive the key.

is that correct?"
yes correct but your desire will cause you no chance to get your key, because developer doesn't get your loaned money to build your house. developer will sell your booked house to someone else.
estherlo
post Dec 24 2009, 10:59 AM

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QUOTE(estherlo @ Dec 23 2009, 07:26 PM)
i haven't got any bank offer yet

can anyone share the loan package? say interest rate, locked in period, flexibility and others of SCB, UOB, OCBC, CIMB and PBB?

which is the best?
*
any advice?
king4891
post Dec 24 2009, 11:59 AM

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QUOTE(estherlo @ Dec 24 2009, 10:59 AM)
any advice?
*
Hi estherlo,

I will update here all the banks offer letter once I get it... but most probably on next Tuesday.
AbangCorp
post Dec 24 2009, 12:01 PM

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yaka

i tot that the sum will be paid by the bank to the developer according to the progress. I know that because my mother in law have been paying cash, developer asking for payment for each architect signed the progress report. have a look in the booking slip

i see there is a plus for the developer.

1 - 10% downpayment.

2 - Since you have secure the loan for the said property before 14 days, that mean developer have secured 90% of the rest.


you pay early or late, it is your thing between you and the bank only. Because anyhow, the developer will surely received their money if the project is progressing.

Ppl always remind me, Loan is a thing, whereas SnP is the other. Both different. loan is the connection of you and the bank (to be paid to developer). The other one is SnP is between you and developer (also confidence of bank the said developer can deliver).

On the developer side, your secured loan is connected developer and the bank. And developer is tied 36 month completion and accessory with you using SnP.
king4891
post Dec 24 2009, 12:18 PM

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QUOTE(AbangCorp @ Dec 24 2009, 01:28 AM)
Saw 1 lawyer, ready to arrange SnP signing today

The problem is now I am trying to get Islamic Loan for this promotional scheme, is it possible. Trying so hard with PBB, I am waiting for their answers.

Can any buyer line out which one need to pay on top of the price
legal fee, so and so... which one can be included into the installment, which one don't

I know Legal Fees disbursement to Solicitor RM300 recommended paid by cash, does that mean cannot be included in the installment
2 parts

1 - loan agreement

MRTA which is compulsory
(not remember clearly, need to open my book again)

2 - SnP agreement

mind to add
By the way, these projects developed by Peter Holdings, maybe informative, SA of peter also came from Ipoh Branch

PJS1
Shoptlot - 74 Shop Office
Damai Senja
Low Cost
Papillion, Taman Desa [ under construction ]
Bukit Tenaga

i maybe misspell
*
Developer part buyer need to pay for RM300 only. I think this cost cannot include in your loan except developer agree.

Most of the bank do not have zero entry so the Lawyer fees bear by buyer. I think around 2.8k to 3k which you can include in your loan. MRTA too can include.

PBB told me that only allow 5% of your total loan for lawyer fees and MRTA. E.g. 180k allow only 9k to include.

I recommended you to take MLTA because after maturity can get back the total amount paid + interest. You can opt for monthly repayment. OUB not compulsory.


Added on December 24, 2009, 12:23 pm
QUOTE(aliciaqsp @ Dec 24 2009, 10:16 AM)
my banker told me that if i want my lock in period start from construction time (1st time withdraw), then i need to do installment  b4 the condo is complete, for my principle even though the interest is paying by the developer,

so if i only wan to start my installment when i get the key, the lock period need to count from the date i receive the key.

is that correct?
*
Yes, that's the bank strategic all the while..... use to it... smile.gif

This post has been edited by king4891: Dec 24 2009, 12:23 PM
estherlo
post Dec 24 2009, 12:23 PM

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QUOTE(king4891 @ Dec 24 2009, 12:18 PM)
Developer part buyer need to pay for RM300 only. I think this cost cannot include in your loan except developer agree.

Most of the bank do not have zero entry so the Lawyer fees bear by buyer. I think around 2.8k to 3k which you can include in your loan. MRTA too can include.

PBB told me that only allow 5% of your total loan for lawyer fees and MRTA. E.g. 180k allow only 9k to include.

I recommended you to take MLTA because after maturity can get back the total amount paid + interest. You can opt for monthly repayment. OUB not compulsory.
*
can get back the MRTA after maturity? This is the first time i heard about it
AbangCorp
post Dec 24 2009, 12:27 PM

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QUOTE(king4891 @ Dec 24 2009, 12:18 PM)
Developer part buyer need to pay for RM300 only. I think this cost cannot include in your loan except developer agree.

Most of the bank do not have zero entry so the Lawyer fees bear by buyer. I think around 2.8k to 3k which you can include in your loan. MRTA too can include.

PBB told me that only allow 5% of your total loan for lawyer fees and MRTA. E.g. 180k allow only 9k to include.

I recommended you to take MLTA because after maturity can get back the total amount paid + interest. You can opt for monthly repayment. OUB not compulsory.
*
Cost excluding Developer Price

1 - Loan

Stamp Duties RM5 per thousand borrowed money / 0.5%

Processing Fees RM200 (for loan higher than 100k)

MRTA / MRTT (takaful) / MLTA RM???
[ depends on age + loan amount + etc i am not sure ]

2 - SnP

Stamp duties 1% RM0 (paid by developer)

Disbursement Fees RM300 (which is the lowest I the schedule)
king4891
post Dec 24 2009, 12:29 PM

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QUOTE(estherlo @ Dec 24 2009, 12:23 PM)
can get back the MRTA after maturity? This is the first time i heard about it
*
MRTA cannot get back anything after matured. When refinance the property, you need to cancel the MRTA from old bank and get refund calculated from the day cancel to maturity day. Then you need to purchase new MRTA from new bank.

MLTA can get back the sum of money in full plus interest. When you refinance, no need to cancel and buy again.

If the bank MRTA or MLTA not compulsory must obtain from them then you can ask your insurance agent to provide you MLTA.
aliciaqsp
post Dec 24 2009, 01:25 PM

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fine,
so far
now i get l2 etter offer from bank
CIMB, BLR-1.7% and
UOB , BLR-1.85%
biggrin.gif

any others bank will get better rate from this??
still waiting tongue.gif
20yrsinsrisentosa
post Dec 24 2009, 01:56 PM

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QUOTE(estherlo @ Dec 24 2009, 12:23 PM)
can get back the MRTA after maturity? This is the first time i heard about it
*
you overlook the alphabet "R" and "T" MLTA got maturity instead of MRTA. hope link links - http://forum.lowyat.net/topic/410824 help
king4891
post Dec 24 2009, 02:13 PM

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Standard Chartered

We are the bank panel for this 1120 project where the developer will bear the interest during the construction period (3 yr). Subsequent 18 months, basically customer need to pay the installment upfront then only the developer will rebate to customer every month.

The lock in period is 5 years @3% penalty (once refinance or sell out property within the yrs).

This is non zero cost package where customer have to pay loan agreement fees by themselves.

The lock in start from the date you accept our bank offer letter.


Added on December 24, 2009, 2:25 pm
QUOTE(aliciaqsp @ Dec 24 2009, 01:25 PM)
fine,
so far
now i get l2 etter offer from bank
CIMB, BLR-1.7% and
UOB , BLR-1.85%
biggrin.gif

any others bank will get better rate from this??
still waiting tongue.gif
*
I'm wonder why CIMB was over quota... the blr minus % is the worst compare to other bank. rclxub.gif

This post has been edited by king4891: Dec 24 2009, 02:25 PM
patricktoh
post Dec 24 2009, 03:54 PM

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Stay within 1km to 1120 project site since 10+ years ago but only got to know this project yesterday. doh.gif Frankly speaking there is a lot of development in Sri Sentosa/PJS1 area in last 2-3 years. thumbup.gif Personally I like this area very much but wifey has other thought. cry.gif

Anyway I'll be moving out to Bukit Jalil next month. Good luck to all buyers. rclxms.gif rclxms.gif rclxms.gif

This post has been edited by patricktoh: Dec 24 2009, 04:01 PM
fiecks84
post Dec 24 2009, 04:31 PM

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OCBC just confirmed that they are revising their offer as lots of demand comes from the owner...

OCBC now offer me and all other -1.85% below BLR!

Really like Xmas present to me in the Xmas Eve smile.gif

It just that, the lock in period is starting from the first drawdown, not like SC, the lock in period begin on the signing of offer letter. That's all the diference, but I believe that the difference is only few months...
king4891
post Dec 24 2009, 04:44 PM

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QUOTE(fiecks84 @ Dec 24 2009, 04:31 PM)
OCBC just confirmed that they are revising their offer as lots of demand comes from the owner...

OCBC now offer me and all other -1.85% below BLR!

Really like Xmas present to me in the Xmas Eve smile.gif

It just that, the lock in period is starting from the first drawdown, not like SC, the lock in period begin on the signing of offer letter. That's all the diference, but I believe that the difference is only few months...
*
Great... thanks for the information.
estherlo
post Dec 24 2009, 04:49 PM

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QUOTE(fiecks84 @ Dec 24 2009, 04:31 PM)
OCBC just confirmed that they are revising their offer as lots of demand comes from the owner...

OCBC now offer me and all other -1.85% below BLR!

Really like Xmas present to me in the Xmas Eve smile.gif

It just that, the lock in period is starting from the first drawdown, not like SC, the lock in period begin on the signing of offer letter. That's all the diference, but I believe that the difference is only few months...
*
I was told that SC is non-flexi loan. For prepayment, u cant withdraw it subsequently. This is the con.

How abt OCBC? Is it non-flexi or semi-flexi?
fiecks84
post Dec 24 2009, 05:14 PM

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According to the offer letter by OCBC, they offer me;

BLR -1.85% pa on daily rest

- prepayment (on reducing interest). OCBC works two ways, if you make prepayment, it could be consider as Advance Installment (Non-re drawable) or Capital Repayment (re drawable). With minimum of RM1k Capital Repayment and notice from customer, the money is re drawable smile.gif

Im not sure about SC...


estherlo
post Dec 24 2009, 05:22 PM

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QUOTE(fiecks84 @ Dec 24 2009, 05:14 PM)
According to the offer letter by OCBC, they offer me;

BLR -1.85% pa on daily rest

- prepayment (on reducing interest). OCBC works two ways, if you make prepayment, it could be consider as Advance Installment (Non-re drawable) or Capital Repayment (re drawable). With minimum of RM1k Capital Repayment and notice from customer, the money is re drawable smile.gif

Im not sure about SC...
*
SC told me that it is non-redrawable.
fiecks84
post Dec 24 2009, 05:31 PM

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I have confirmed that OCBC is redrawable smile.gif

When u bank in the money, u have to tick at Capital Repayment at the bank cheque slip...

This post has been edited by fiecks84: Dec 25 2009, 01:45 AM
ohserena
post Dec 24 2009, 06:42 PM

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Anyway, i saw some messages from forumers about whether to sign S&P before the loan is approved from the bank...which made me thinking...shouldn't buyer already aware that his salary and profile are ok to get a bank loan (installment is less than 1/3 of your salary) before he place RM2000 as booking fee?

What S&P need is 10% of purchase price and RM300 cash, with or without bank loan approved, you can sign S&P already.


king4891
post Dec 24 2009, 07:27 PM

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QUOTE(ohserena @ Dec 24 2009, 06:42 PM)
Anyway, i saw some messages from forumers about whether to sign S&P before the loan is approved from the bank...which made me thinking...shouldn't buyer already aware that his salary and profile are ok to get a bank loan (installment is less than 1/3 of your salary) before he place RM2000 as booking fee?

What S&P need is 10% of purchase price and RM300 cash, with or without bank loan approved, you can sign S&P already.
*
The concern is if cannot get approve then will save the 1% penalty by developer. Thus, not necessary 1/3 of salary.


Added on December 25, 2009, 12:01 amVery interesting on google search.

1120 Park Avenue Corporation in USA.

http://maps.google.com.my/maps?q=1120+park...d=0CBcQpQY&sa=X

This post has been edited by king4891: Dec 25 2009, 12:01 AM
AbangCorp
post Dec 25 2009, 10:55 PM

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QUOTE(ohserena @ Dec 24 2009, 06:42 PM)
Anyway, i saw some messages from forumers about whether to sign S&P before the loan is approved from the bank...which made me thinking...shouldn't buyer already aware that his salary and profile are ok to get a bank loan (installment is less than 1/3 of your salary) before he place RM2000 as booking fee?

What S&P need is 10% of purchase price and RM300 cash, with or without bank loan approved, you can sign S&P already.
*
ohserena

we never know what the bank think

according to the offer letter, you still need to do all those dmc, snp and loan agreement within 14 days
and fyi, the solicitor also is the one doing our loan agreement, not the banks

i have checked mine



my father and I try to find the site today
yup there is quite number of lorry, outside the site compound
hopefully indeed they are doing it for 1120 park avenue

and, the same lorong go at the back a bit, you will see lorong 1/50

go lagi further another lorong, turn right
exactly in front of the school, the condo situated



the environment indeed not a very good surrounding
and the sign board says low cost flat for tetuan peters holding

alamak, but they promise condo
we will wait and see



outside see an apartment pjsone
yup the outside building painted properly but the gate is not


aiyo, maybe peters holding maintenance is just so - so
early prediction, we still need to wait and see
king4891
post Dec 26 2009, 01:36 AM

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QUOTE(AbangCorp @ Dec 25 2009, 10:55 PM)
ohserena

we never know what the bank think

according to the offer letter, you still need to do all those dmc, snp and loan agreement within 14 days
and fyi, the solicitor also is the one doing our loan agreement, not the banks

i have checked mine
my father and I try to find the site today
yup there is quite number of lorry, outside the site compound
hopefully indeed they are doing it for 1120 park avenue

and, the same lorong go at the back a bit, you will see lorong 1/50

go lagi further another lorong, turn right
exactly in front of the school, the condo situated
the environment indeed not a very good surrounding
and the sign board says low cost flat for tetuan peters holding

alamak, but they promise condo
we will wait and see
outside see an apartment pjsone
yup the outside building painted properly but the gate is not
aiyo, maybe peters holding maintenance is just so - so
early prediction, we still need to wait and see
*
Maintenance good or not are in the residents hand and not peter's. If all of us pay for maintenance every month then we have absolute right's to change the maintenance management if they fail to deliver desire environment for the residents.

Hope all the residents will co-operate whether rent out or own stay. notworthy.gif

This post has been edited by king4891: Dec 26 2009, 01:38 AM
patricktoh
post Dec 26 2009, 09:42 AM

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QUOTE(AbangCorp @ Dec 25 2009, 10:55 PM)
ohserena

we never know what the bank think

according to the offer letter, you still need to do all those dmc, snp and loan agreement within 14 days
and fyi, the solicitor also is the one doing our loan agreement, not the banks

i have checked mine
my father and I try to find the site today
yup there is quite number of lorry, outside the site compound
hopefully indeed they are doing it for 1120 park avenue

and, the same lorong go at the back a bit, you will see lorong 1/50

go lagi further another lorong, turn right
exactly in front of the school, the condo situated
the environment indeed not a very good surrounding
and the sign board says low cost flat for tetuan peters holding

alamak, but they promise condo
we will wait and see
outside see an apartment pjsone
yup the outside building painted properly but the gate is not
aiyo, maybe peters holding maintenance is just so - so
early prediction, we still need to wait and see
*
Those lorries & workers are working on a petrol station beside the T-junction.

Cannot Tahan
post Dec 26 2009, 01:07 PM

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QUOTE(AbangCorp @ Dec 25 2009, 10:55 PM)


go lagi further another lorong, turn right
exactly in front of the school, the condo situated
the environment indeed not a very good surrounding
and the sign board says low cost flat for tetuan peters holding

alamak, but they promise condo
we will wait and see
outside see an apartment pjsone
yup the outside building painted properly but the gate is not
aiyo, maybe peters holding maintenance is just so - so
early prediction, we still need to wait and see
*
A diamond in the middle of desert worths nothing more than a stone, which is dispensable.

Maintenance? If the majority of purchasers are from the surrounding, expect a pretty run down in 3 year time.

But what to expect, it was termed as low cost flat.
patricktoh
post Dec 26 2009, 02:38 PM

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Came back from the showroom just now. Tiles used were 15"x15" so don't be misled it was 12"x12". all sample bedrooms used single bed except the masteroom.

I think the L model is oversized because it still look much bigger than my empty 1212 sqf (non-balcony type) unit eventhough stuffed with all sort of furnitures.

Overall it is a good bargain consider the size, price & location.

This post has been edited by patricktoh: Dec 26 2009, 02:40 PM
cheraspeople
post Dec 26 2009, 05:52 PM

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QUOTE(patricktoh @ Dec 26 2009, 02:38 PM)
Came back from the showroom just now. Tiles used were 15"x15" so don't be misled it was 12"x12". all sample bedrooms used single bed except the masteroom.

I think the L model is oversized because it still look much bigger than my empty 1212 sqf (non-balcony type) unit eventhough stuffed with all sort of furnitures.

Overall it is a good bargain consider the size, price & location.
*
Did you ask them about the actual tile size they will be using? I understand that they will use 2x2 but of course can't trust them 100% because my previous property developer also never keep their promises.
patricktoh
post Dec 26 2009, 06:23 PM

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QUOTE(cheraspeople @ Dec 26 2009, 05:52 PM)
Did you ask them about the actual tile size they will be using? I understand that they will use 2x2 but of course can't trust them 100% because my previous property developer also never keep their promises.
*
I didn't ask because I went there to look see look see only. Don't ever trust what develop said, only believe in those stipulated in the SPA.
AbangCorp
post Dec 26 2009, 07:07 PM

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QUOTE(Cannot Tahan @ Dec 26 2009, 01:07 PM)
A diamond in the middle of desert worths nothing more than a stone, which is dispensable.

Maintenance? If the majority of purchasers are from the surrounding, expect a pretty run down in 3 year time.

But what to expect, it was termed as low cost flat.
*
sorry

i went to the site and showroom once again
saw there the site is in between road 1/52 and 1/25

so what I saw is not our project. All our project have is the banner of 1120 erected at last

indeed there are many lorry, and they are doing the shop lot & stesen minyak at the t junction


kesimpulannya

our 1120 is located one side (1/25) is old shop lot - looks not too old but paint is faded out
one side (to the back) is old terrace terrace - permasjaya is it? (1/50)
one side is new (already there) shop lot and shop lot under construction
one the last side is beside a gas station

later i will draw for you all





so if maintenance is up to us, only quality concern is up to peter's
0211445
post Dec 26 2009, 09:48 PM

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user posted image


clearly image biggrin.gif....the demo building distances between phase 1 % phase 2 quite good. rclxms.gif rclxms.gif ....but base on the real landscape ..i am scare the exact building is not same size as their demo flex.gif flex.gif ......coz their demo parking lot is so big space!!!!!!! hmm.gif hmm.gif hmm.gif


the smell that u'll mention is came from

1 is from 'jalan jasa 12', and other 1 is from taman medan thr.... smile.gif

This post has been edited by 211445: Dec 26 2009, 09:58 PM
AbangCorp
post Dec 27 2009, 07:51 AM

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yeah

and dont forget, they will not left out disclaimer

" the property you might see will be difference with what shown "
" developer have the right to "

aiyo yo




i think you have some mistake there
if you see in the showroom, they do not put jalan pjs1/50
so the gas station (will be) and shop unit is inside the area 1120 park avenue you shown. This is confirmed as majlis bandaraya already put up signboard if any surrounding ppl wants to complaint

This post has been edited by AbangCorp: Dec 27 2009, 08:17 AM
airline
post Dec 27 2009, 09:54 AM

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Don't ever trust what develop said, only believe in those stipulated in the SPA
so very true. expensive projects also the same
0211445
post Dec 27 2009, 10:45 AM

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When i visit the show unit,i found that most of their SA din familiar with the tmn sri sentosa n tmn manja road unsure.gif . THey told us a wrong road sign sweat.gif .....


i think they're nvr drive around inside tmn2 to look/understand the area environment shocking.gif..the kopitiam only they know laugh.gif laugh.gif ...maybe bintang,checker,or kfc shops ....they havent know yet icon_idea.gif


perhap, not all area is ex-mining land......only tmn manja place is ex-mine.....last time tmn sri sentosa was a hill land, all resident plant food/fruit to survivie ....IN Property Market, honestly say ~hill land is much valueable than ex-mine land....


This post has been edited by 211445: Dec 27 2009, 02:45 PM
AbangCorp
post Dec 27 2009, 06:03 PM

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QUOTE(211445 @ Dec 27 2009, 10:45 AM)
When i visit the show unit,i found that most of their SA din familiar with the tmn sri sentosa n tmn manja road unsure.gif . THey told us a wrong road sign    sweat.gif  .....
i think they're nvr drive around inside tmn2 to look/understand the area environment  shocking.gif..the kopitiam only they know  laugh.gif  laugh.gif ...maybe bintang,checker,or kfc shops ....they havent know yet  icon_idea.gif
perhap, not all area is ex-mining land......only tmn manja place is ex-mine.....last time tmn sri sentosa was a hill land, all resident plant food/fruit to survivie ....IN Property Market, honestly say ~hill land is much valueable than ex-mine land....
*
any tanah can built very high & tall building

they must have did stress test for 48 hours to check soil capability, twice the original load
and then hand the result to designer
designer select the most suitable structure to hold strong

for peter, its up to them to follow designer or not
so what we need is accountability & trustworthiness


fyi, my father is doing a multistory government building very near to dutamas at solaris. a project manager there, credible enough to give me free professional consultation

i said to my father maybe ex-mining land, he only said aaaah!

leasehold, aaaah! who goverment want to chase out their own people, you will not stay there forever do you? can you live longer than 99years? at least you will get some sort of compensation..
eugene jk
post Dec 27 2009, 06:49 PM

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QUOTE(AbangCorp @ Dec 27 2009, 06:03 PM)
who goverment want to chase out their own people


Kampung Buah Pala.. sweat.gif
AbangCorp
post Dec 27 2009, 08:39 PM

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i am very sensitive to what developer promise
if promise not fulfil same as cheating right

so i draw this to help ppl estimate

400ft ~ 500ft wide
1000ft ~ 1200ft long

user posted image

This post has been edited by AbangCorp: Dec 27 2009, 08:43 PM
cheraspeople
post Dec 27 2009, 09:35 PM

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QUOTE(AbangCorp @ Dec 27 2009, 06:03 PM)
any tanah can built very high & tall building

they must have did stress test for 48 hours to check soil capability, twice the original load
and then hand the result to designer
designer select the most suitable structure to hold strong

for peter, its up to them to follow designer or not
so what we need is accountability & trustworthiness
fyi, my father is doing a multistory government building very near to dutamas at solaris. a project manager there, credible enough to give me free professional consultation

i said to my father maybe ex-mining land, he only said aaaah!

leasehold, aaaah! who goverment want to chase out their own people, you will not stay there forever do you? can you live longer than 99years? at least you will get some sort of compensation..
*
To me it doesnt matter a condo is LH of FH because if i can live longer than 99 yrs, i dare not live in a 99 yrs condo.
estherlo
post Dec 28 2009, 11:28 AM

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Anyone is taking SC loan?

I noticed that the repayment term is actually upon full drawdown or 24 months from the date of disbursement.

This post has been edited by estherlo: Dec 28 2009, 11:54 AM
AbangCorp
post Dec 28 2009, 01:57 PM

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QUOTE(estherlo @ Dec 28 2009, 11:28 AM)
Anyone is taking SC loan?

I noticed that the repayment term is actually upon full drawdown or 24 months from the date of disbursement.
*
mind sharing the term details

still waiting my sc to be approved
also pbb, uob and ocbc
estherlo
post Dec 28 2009, 02:06 PM

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QUOTE(AbangCorp @ Dec 28 2009, 01:57 PM)
mind sharing the term details

still waiting my sc to be approved
also pbb, uob and ocbc
*
It is BLR-1.85%. Bonding period is 5 yrs from letter of offer. Non-flexi loan
Daryl Teo
post Dec 28 2009, 11:00 PM

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QUOTE(cheraspeople @ Dec 27 2009, 09:35 PM)
To me it doesnt matter a condo is LH of FH because if i can live longer than 99 yrs, i dare not live in a 99 yrs condo.
*
That made a lot of sense to me. I'll make a note of that, next time i'll pull this trump card in the leasehold vs. freehold argument. Thanks. rclxms.gif
KChan
post Dec 29 2009, 01:45 AM

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I agree with FH vs LH too. I dont understand why people worry about FH vs LS. If any building more than 90 years old. Maybe the government might even consider gazette it is heritage building. LOL
AbangCorp
post Dec 29 2009, 07:23 AM

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QUOTE(KChan @ Dec 29 2009, 01:45 AM)
I agree with FH vs LH too. I dont understand why people worry about FH vs LS. If any building more than 90 years old. Maybe the government might even consider gazette it is heritage building. LOL
*
don't worry about those
and let ppl out there worry

lh or fh is up to pejabat tanah at that specific place decision
i like the lh fh sensitivity because it cause lh property to priced better
Raub
post Dec 29 2009, 09:17 AM

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QUOTE(KChan @ Dec 29 2009, 01:45 AM)
I agree with FH vs LH too. I dont understand why people worry about FH vs LS. If any building more than 90 years old. Maybe the government might even consider gazette it is heritage building. LOL
*
For LH ...u will not get higher value after 10 - 20 year .. value like this => ' ^ '
For FH .. if the condo well maintain ...the value will keep increase.. value like this = >' / '


Added on December 29, 2009, 9:30 amafter lease expired :
u need to pay something like this =>

(1/4 x (value of land *)/ 99) X lease tenure * = YOU NEED TO PAY

*(you just imagine the value of land in Klang Valley after 99 year)
* mostly is 99

This post has been edited by Raub: Dec 29 2009, 09:30 AM
estherlo
post Dec 29 2009, 12:06 PM

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anyone taking OCBC loan?
king4891
post Dec 29 2009, 12:09 PM

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QUOTE(Raub @ Dec 29 2009, 09:17 AM)
For LH ...u will not get higher value after 10 - 20 year  .. value like this => ' ^ '
For FH .. if the condo well maintain ...the value will keep increase..  value like this = >' / '


Added on December 29, 2009, 9:30 amafter lease expired :
u need to pay something like this =>

(1/4 x (value of land *)/ 99) X lease tenure * = YOU NEED TO PAY

*(you just imagine the value of land in Klang Valley after 99 year)
* mostly is 99
*
Soon or later all property will become LH including those FH now. Maybe I don't have chance to experience it.

Base on the calculation, if for 300k land value. The 99 years renewal will be 75k. If the building condition still ok, 75k is nothing after 99 years.

whistling.gif

gstrapinuse
post Dec 29 2009, 12:12 PM

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QUOTE(estherlo @ Dec 29 2009, 12:06 PM)
anyone taking OCBC loan?
*
OCBC never get back to me also..Call them n ask also nvr give feedback..
AbangCorp
post Dec 29 2009, 08:39 PM

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hey, how many work day does these bank reply to you

sc
pbb
uob
ocbc

cimb again not in the list
0211445
post Dec 29 2009, 09:29 PM

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Buying a home: freehold vs leaseholdPosted on November 25th, 2009 by Mindy Yong.
Categories: Singapore Real Estate News.
Buying a home: freehold vs leasehold

NICHOLAS MAK examines how both tenures perform in rising and falling markets as well as in collective sales

THE question of whether to own freehold or leasehold property seems a perennial one, with pros and cons shifting with market cycles and new trends. Here, we examine the issue from the perspective of both a home owner and investor, and see how both tenures perform in rising and falling markets as well as in collective sales.

Pros and cons: If the upswing in the property market is bottom-up, leasehold condominiums could outperform freehold ones. Conversely, if the boom is top down, freehold condominiums would deliver superior results
The chief attraction of 99-year leasehold property is that it is typically priced lower than a comparable freehold property. As a result, they are popular with HDB upgraders as entry-level private properties. Most mass-market homes are 99-year leasehold condominiums, with prices ranging from $500 per sq ft to $900 per sq ft. A typical family-size apartment could cost anything from $600,000 to $1.2 million.

For investors, leasehold properties usually offer a higher rental yield because of their lower capital cost. However, the higher yield merely compensates the owner for the decaying lease.

One of the more apparent disadvantages of owning a 99-year leasehold property is that the length of the lease is contracting daily. All else being equal, this would result in falling property value. However, certain external factors could slow the decline in value, such as if the property is sought after by tenants or buyers. This could be due to a prime location, improving infrastructure (such as a proposed MRT station nearby), or good amenities or popular schools in the vicinity.

When it comes to collective sales, there are usually fewer opportunities for them with 99-year homes. One reason is that many of them are still relatively new and in good condition. Thus, the owners do not feel any urgency to sell their homes collectively.

A more pertinent reason is that the premium payable to the government to top up a 99-year lease is quite high, based on the existing formula. And since developers factor the premium as part of the total land cost, the higher the premium the less the owner of the ageing leasehold would get in any collective sale.

As such, collective sales are not attractive to many owners of 99-year leasehold apartments unless the expense of maintaining their ageing properties are so high that a collective sale becomes the cheaper alternative.

A key benefit of owning freehold real estate is that the land value does not generally depreciate in the long term. Although all properties are subject to market fluctuations, the price of freehold land tends to be more stable than that of leasehold land over time. However, the value of a freehold property could still decrease over time due to the depreciating value of the ageing building. Over the long term, while the value of freehold land may increase or remain little changed, the value of the building would decline.

One factor that supports the value of freehold land in Singapore is its scarcity. Since all the land sold by the government is leasehold, the amount of freehold land would not increase. In fact, it might shrink over time if the government makes acquisitions of such land.

Another advantage of owning a freehold property is the potential of a windfall from a collective sale. If the value of the freehold land increases while the value of the ageing building declines, it could reach a stage where the redevelopment value of the property is worth more than the utility value of the existing building. As a result, the property owners may find a collective sale of their property to a developer to be highly profitable.

Some developers looking to acquire residential land for development may also prefer freehold land to ageing 99-year leasehold property because freehold land would not require the payment of a hefty premium for extending the lease.

For all these reasons, freehold residential properties are generally priced higher than 99-year leaseholds. The price range of freehold non-landed properties is also wider than that of comparable leasehold properties. Depending on the location, freehold property prices could vary from $600 psf to $4,000 psf or more. The majority of high-end residential properties are freehold.

For investors, one disadvantage of freehold property is the lower rental yield, a function of the higher cost of the property.

Also, while freehold properties have a higher likelihood of a collective sale than their leasehold counterparts, that can prove to be a double-edged sword. The property boom of 2005 to 2008 whipped up a collective sale frenzy. But some property owners who sold for a windfall found they could not get a replacement home in the same location from their proceeds. As the collective sale boom was powered by surging property prices, by the time en-bloc property sellers received their proceeds, the prices of comparable replacement homes would have moved out of reach.

Now, we look at the price performance of freehold and leasehold properties. Although freehold properties are usually priced higher than their leasehold counterparts, their rate of appreciation does not always outperform.

There were two property cycles between end-1998 and mid-2009. The first market boom, which started at end-1998 and ended in mid-2000, was a bottom-up price recovery. Demand started in the mass-market sector and moved up to the mid-tier and finally the high-end segment.

During this 18-month period, the average price of 99-year condominiums rose faster than that of freehold homes. The average price of freehold condominiums grew by 38.2 per cent, while the average price of 99-year leasehold condominiums surged by 46.2 per cent.

But on the way down, leasehold home prices also fell more steeply. On the downcycle between mid-2000 and the first half of 2004, the average price of leasehold condominiums fell 26.1 per cent, steeper than the freehold price decline of 17.6 per cent.

The most recent boom that lasted four years from mid-2004 to mid-2008 started with high-end property and gradually filtered down to the mass market.

Even when the mass-market sector started to pick up in 2007, the momentum in the high-end segment did not let up. As a result, freehold condominium prices jumped by an impressive 64.7 per cent on average, while the average leasehold property price rose some 50 per cent.

When the property market here started to contract in mid-2008 due to the global financial crisis, freehold condominium prices fell 26.5 per cent year on year, just slightly more than 99-year leaseholds, which dropped by 23.8 per cent.

What this study shows is that if the upswing in the property market is bottom-up, leasehold condominiums could outperform freehold ones. Conversely, if the boom is top down, freehold condominiums would deliver superior results. However, this study also illustrates that the faster the rise, the harder the fall. So in a top-down property boom, owners of freehold condominiums who had enjoyed a sharper price appreciation should be nimble enough to lock in their gains before the downtrend sets in.

In comparing freehold and leasehold residential properties, there is no conclusive evidence to show that one is better than the other. Ultimately, the decision boils down to budget and preference.

The writer is a real estate lecturer at Ngee Ann Polytechnic

Source : Business Times - 25 November 2009

Buy Sell Rent invest In Singapore Property Real Estate

MINDY YONG

( +65 ) 91002985

mindy@mindyyong.com



------very good info. smile.gif


oucheev
post Dec 29 2009, 09:55 PM

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QUOTE(AbangCorp @ Dec 29 2009, 08:39 PM)
hey, how many work day does these bank reply to you

sc
pbb
uob
ocbc

cimb again not in the list
*
I applied for SC and UOB same day last Tuesday.

SC really fast. Last Thursday call me to tell me my loan is approved. Today e-mailed me the Loan Agreement for me to look. Impressed with their speed.

When I applied UOB, the lady told me very fast. Can let me know by last Thursday. Called her yesterday, she told me today. Called her just now she says tomorrow or Thursday. She apologise for so slow because many staffs on leave. Anyway, she told me I don't have to worry because I sure can get the loan because I am first time buyer and no other commitment except car loan.


SC terms give to me are:-

Interest rate: Year 1 = 0, Subsequent year = BLR - 1.85%
Interest: Monthly rest basis and capitalization monthly
Prepayment: Not allowed prior to full drawdown. Upon full drawdown, prepayment/redemption is allowed in multiples of RM1,000

I am not too happy with:-
1)Interest on Monthly Rest Basis
2) Prepayment condition. I have not withdrawn my EPF and was planning to withdraw in 5 years time but with the prepayment condition, does that mean I can only pay RM1,000 monthly?

Hope any sifu's here can clarify whether this is a good deal?

This post has been edited by oucheev: Dec 29 2009, 09:56 PM
estherlo
post Dec 29 2009, 10:07 PM

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QUOTE(AbangCorp @ Dec 29 2009, 08:39 PM)
hey, how many work day does these bank reply to you

sc
pbb
uob
ocbc

cimb again not in the list
*
Agreed. SC is damn fast. Took few days only. UOB and OCBC took more than 2 weeks liao. They told me no problem of getting it. Still waiting. But seem like taikor here taking UOB. Not sure whether can get advice on UOB and OCBC.
graneon
post Dec 29 2009, 10:29 PM

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QUOTE(estherlo @ Dec 29 2009, 10:07 PM)
Agreed. SC is damn fast. Took few days only. UOB and OCBC took more than 2 weeks liao. They told me no problem of getting it. Still waiting. But seem like taikor here taking UOB. Not sure whether can get advice on UOB and OCBC.
*
ocbc takes 1 day only. rate is blr - 1.85 . flexi & daily rest . allows financing of loan legal fee. downside....lock in period starts from 1st disbursement.
estherlo
post Dec 29 2009, 10:39 PM

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QUOTE(graneon @ Dec 29 2009, 10:29 PM)
ocbc takes 1 day only. rate is blr - 1.85 . flexi & daily rest . allows financing of loan legal fee.  downside....lock in period starts from 1st disbursement.
*
mind to advise UOB is better or OCBC is better?
graneon
post Dec 29 2009, 11:13 PM

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QUOTE(estherlo @ Dec 29 2009, 10:39 PM)
mind to advise UOB is better or OCBC is better?
*
i dont have a choice, had to chose ocbc cos i already have mortgage loans with the rest of the panel banks. they are more unwilling to lend if you already have existing loan with them. thus i didnt really pay attention to what they are offering. anyway i believed all banks offered almost the same package. just choose the most efficient banks... take into consideration the officer's service, banks location or simply the fastest approval.

OCBC deserve my commendation. they offered me blr - 1.85% even though i'd earlier signed the Letter of offer @ blr - 1.8. this gesture won me over.... oops i forgot i didn't have much choice. hehe
kornflake
post Dec 30 2009, 12:59 AM

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regards to the uob loan, i dont quite understand how does the pre payment works?

it says you can make prepayment anytime without notice but the amount doesnt fully reduce the principal but divided between principal and interest.

1) say, im offered 40 years loan - total interest is based on 40 years.
i make prepayment, its reduces interest based on 40 years.
Am i right?

2) doesnt prepayment reduce principal and recalculate remaining loan then interest base on remaining year?

sifu out there, please advise?

This post has been edited by kornflake: Dec 30 2009, 01:00 AM
20yrsinsrisentosa
post Dec 30 2009, 09:35 AM

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QUOTE(kornflake @ Dec 30 2009, 12:59 AM)
regards to the uob loan, i dont quite understand how does the pre payment works?

it says you can make prepayment anytime without notice but the amount doesnt fully reduce the principal but divided between principal and interest.

1) say, im offered 40 years loan - total interest is based on 40 years.
i make prepayment, its reduces interest based on 40 years.
Am i right?

2) doesnt prepayment reduce principal and recalculate remaining loan then interest base on remaining year?

sifu out there, please advise?
*
2) doesnt prepayment reduce principal and recalculate remaining loan then interest base on remaining year?
I think no. Bank want to earn the interest charged on you first. Try out this mortgage calculator http://www.mlcalc.com/ and you will find out the major repayment goes to pay the interest first.
AbangCorp
post Dec 30 2009, 10:12 AM

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uh oh

some bank ask me for strata title - what is that?
they said strata = snp draft

elighten me please
nmt170
post Dec 30 2009, 12:22 PM

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I've been looking through this forum and here to share my experience.
I am one of the buyer and signed my s&p this monday (28-12-2009).

The loan applications that i applied are Pbb, Uob and SC.
Pbb: they need 1 week to process, offering BLR - 1.8%. MRTA + Legal fees can be included.
Uob: Basically, they need 3 days to approved, offering BLR - 1.85%. MRTA + legal fees can be included.
SC: i agreed, they proceed really fast, offering BLR - 1.85%. MRTA and legal fees are not included.

Same to all, i placed a booking on 12-12-2009, suppose my due date to signed was 26-12-2009 and developer rushed me to sign on 24-12-2009.
I understand that there are some ppl r risking in signing of the s&p before loan is approved. I would advise not to do this. (I'm first time buyer too).

On 24th, my loan was approved according to my UOB SA, but yet to print me the offer letter. SC has already printed the offer and awaiting me to sign.

On that day, my panel lawyer is good enuf. she asked me weather am i getting my offer letter before signed? i said nope. Then she ADVISED me to speak with developer to see if i can extend my due date since im not getting an offer letter yet ( she knows is risky too! ).

Then i went to speak with the sales manager (i guess) and tell her the situation where 14 days included with weekend n PH is something very unfair to us, as there are 2 public holidays sit in btw for the past 2 weeks. All managers and staffs are on leave. We are unable to get our approval. Then the sales manager and SA said if my loan has approved, i can proceed to sign the s&p already even without offer letter yet. BUT I INSIST [COLOR=red]to have offer letter ( as a protection for our buyers). So there she goes, she allowed me to extend on 28-12-2009 n noted my unit and name on a book. Again, the panel lawyer reminded me to get the black and white from her. But she said no nid, just look for her on 28-12-2009 is enuf. rclxub.gif (luckily, my panel lawyer helps me to put a note to my s&p instead!)

One thing i need to remind here, please get your offer letter 1st before you sign up for you s&p. In my case, since i cannot get my UOB offer letter, i go for SC offer letter. SC SA fax me the offer letter.

When i looked through the offer letter, it stated that i'm getting 85% approval only. I was surprised to see this and i called the SC SA. Unfortunately, she DIDNT AWARE of this 85% loan approval. after she checked and get back to say that i'm only eligible for 85% loan approval.
It's something need to be extra caution. if i signed the offer letter of SC just now, i have to bear another 5% as my downpayment again. This is something really not good. since i can extend my due date, i took uob rather. The SA past me the offer letter, explained on the all t n c.

At the end of my story, i signed my s&p on 28-12-2009, with floor plan (including parking plan and parking lot units), dead of mutual, special promotion offer letter (stated clearly developer will bear the 3 years interest and 7.5% is given to us in 18months) provided.

The loan agreement is prepared by the solicitors. You can pay cash / cheque of rm300 to the solicitors. The developer will only bear the construction interest but not your MRTA and legal fees interest. Please don't messed up this. When signing any doc, please ensure your block unit + name + IC are correct. After i signed my s&p, my booking payment + 10% downpayment amount has credited from my account already.

Hope all these things will help to clear all your doubt.

kornflake
post Dec 30 2009, 12:43 PM

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QUOTE(20yrsinsrisentosa @ Dec 30 2009, 09:35 AM)
2) doesnt prepayment reduce principal and recalculate remaining loan then interest base on remaining year?
I think no. Bank want to earn the interest charged on you first. Try out this mortgage calculator http://www.mlcalc.com/ and you will find out the major repayment goes to pay the interest first.
*
This applies if you only make payment according to the monthly amount where most amount deducts interest first.

Let's say i receive my bonus of rm10K n make PREPAYMENT into my total loan amount. Does the 10K fully reduces the principal amount or still deduct like the above?

sifu, please confirm on this.


king4891
post Dec 30 2009, 12:59 PM

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QUOTE(kornflake @ Dec 30 2009, 12:43 PM)
This applies if you only make payment according to the monthly amount where most amount deducts interest first.

Let's say i receive my bonus of rm10K n make PREPAYMENT into my total loan amount. Does the 10K fully reduces the principal amount or still deduct like the above?

sifu, please confirm on this.
*
So far, I heard of prepayment from few banks.

1) If you made payment using counter or cash machine, consider advance payment and will be use if you forgot or no money to pay on following months. Some bank need you to tell them at the counter to clear principle amount. If you didn't inform them, consider advance payment.

2) You have an current account and whatever money debited through counter or cash machine will deduct your loan principal. You have to made payment until the end of the tenure although the account amount over the loan amount except you request to end the loan earlier. Of course, all payment money are belong to you and the bank will not charge you any interest when the account amount more than your loan amount. (This type have flexi, semi-flexi and non-flexi)

Calculation of interest will be the same for all types. Advance payment or not, the interest will be calculated as below:

Loan amount - advance payment * interest rate.

This post has been edited by king4891: Dec 30 2009, 01:06 PM
AbangCorp
post Dec 30 2009, 01:59 PM

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QUOTE(nmt170 @ Dec 30 2009, 12:22 PM)
I've been looking through this forum and here to share my experience.
I am one of the buyer and signed my s&p this monday (28-12-2009).

The loan applications that i applied are Pbb, Uob and SC.
Pbb: they need 1 week to process, offering BLR - 1.8%. MRTA + Legal fees can be included.
Uob: Basically, they need 3 days to approved, offering BLR - 1.85%. MRTA + legal fees can be included.
SC: i agreed, they proceed really fast, offering BLR - 1.85%. MRTA and legal fees are not included.

Same to all, i placed a booking on 12-12-2009, suppose my due date to signed was 26-12-2009 and developer rushed me to sign on 24-12-2009.
I understand that there are some ppl r risking in signing of the s&p before loan is approved. I would advise not to do this. (I'm first time buyer too).

On 24th, my loan was approved according to my UOB SA, but yet to print me the offer letter. SC has already printed the offer and awaiting me to sign.

On that day, my panel lawyer is good enuf. she asked me weather am i getting my offer letter before signed? i said nope. Then she ADVISED me to speak with developer to see if i can extend my due date since im not getting an offer letter yet ( she knows is risky too! ).

Then i went to speak with the sales manager (i guess) and tell her the situation where 14 days included with weekend n PH is something very unfair to us, as there are 2 public holidays sit in btw for the past 2 weeks. All managers and staffs are on leave. We are unable to get our approval. Then the sales manager and SA said if my loan has approved, i can proceed to sign the s&p already even without offer letter yet. BUT I INSIST [COLOR=red]to have offer letter ( as a protection for our buyers). So there she goes, she allowed me to extend on 28-12-2009 n noted my unit and name on a book. Again, the panel lawyer reminded me to get the black and white from her. But she said no nid, just look for her on 28-12-2009 is enuf.    rclxub.gif  (luckily, my panel lawyer helps me to put a note to my s&p instead!)

One thing i need to remind here, please get your offer letter 1st before you sign up for you s&p. In my case, since i cannot get my UOB offer letter, i go for SC offer letter. SC SA fax me the offer letter.

When i looked through the offer letter, it stated that i'm getting 85% approval only. I was surprised to see this and i called the SC SA. Unfortunately, she DIDNT AWARE of this 85% loan approval. after she checked and get back to say that i'm only eligible for 85% loan approval.
It's something need to be extra caution. if i signed the offer letter of SC just now, i have to bear another 5% as my downpayment again. This is something really not good. since i can extend my due date, i took uob rather. The SA past me the offer letter, explained on the all t n c.

At the end of my story, i signed my s&p on 28-12-2009, with floor plan (including parking plan and parking lot units), dead of mutual, special promotion offer letter (stated clearly developer will bear the 3 years interest and 7.5% is given to us in 18months) provided.

The loan agreement is prepared by the solicitors. You can pay cash / cheque of rm300 to the solicitors. The developer will only bear the construction interest but not your MRTA and legal fees interest. Please don't messed up this. When signing any doc, please ensure your block unit + name + IC are correct. After i signed my s&p, my booking payment + 10% downpayment amount has credited from my account already.

Hope all these things will help to clear all your doubt.
*
what do you mean by 1 week for pbb and 3 work day for uob processing time
where do you get such rate?

because i went to pbbank immediately after booking
then after one week, today wednesday also they called me to final process

if bank produce offer letter and loan agreement
does that mean if you agree with any bank offer, can I proceed immediately / open account
or still need to wait for another 1 week?

thanks
king4891
post Dec 30 2009, 02:09 PM

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QUOTE(AbangCorp @ Dec 30 2009, 10:12 AM)
uh oh

some bank ask me for strata title - what is that?
they said strata = snp draft

elighten me please
*
Which bank ask you on that? Panel bank should not ask this kind of documents from buyer especially for new project.


Added on December 30, 2009, 2:14 pm
QUOTE(AbangCorp @ Dec 30 2009, 01:59 PM)
what do you mean by 1 week for pbb and 3 work day for uob processing time
where do you get such rate?

because i went to pbbank immediately after booking
then after one week, today wednesday also they called me to final process

if bank produce offer letter and loan agreement
does that mean if you agree with any bank offer, can I proceed immediately / open account
or still need to wait for another 1 week?

thanks
*
For your information, offer letter is just an agreement between you and bank who approve on your loan. After that, bank will acquire their lawyer (or developer lawyer if zero cost or your own lawyer) for Loan agreement.

For S&P, the agreement is between you and the developer which advisable to sign after you got the offer letter from bank. (You can sign S&P before loan approved but risk to lost 1% of your purchase price as per developer agreement).

After sign offer letter, you still can cancel the loan but not after sign loan agreement.

Hope it's help.

This post has been edited by king4891: Dec 30 2009, 02:21 PM
nmt170
post Dec 30 2009, 02:17 PM

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Please find my replies in red. smile.gif


QUOTE(AbangCorp @ Dec 30 2009, 01:59 PM)
what do you mean by 1 week for pbb and 3 work day for uob processing time
Answer: Duration taken of your loan approval ( 1 week/ 3 days to approve your loan).
where do you get such rate?
Answer: The panel bankers there in showroom, i took all the details and called each of every them.

because i went to pbbank immediately after booking
then after one week, today wednesday also they called me to final process

if bank produce offer letter and loan agreement
does that mean if you agree with any bank offer, can I proceed immediately / open account
or still need to wait for another 1 week?
Answer: Once you signed their offer letter, means you are agreed with their package or t n c.  If you would like to change to other bank offer, admin fees up to RM2k will be charged (subject to the bank).  They will need to process an MRTA loan approval after tat. After all these are done, they will send you a letter to inform your open Home Loan account.


thanks
*
iceanise
post Dec 30 2009, 03:14 PM

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ocbc is sooooo slow!!!!!
gstrapinuse
post Dec 30 2009, 03:22 PM

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QUOTE(iceanise @ Dec 30 2009, 03:14 PM)
ocbc is sooooo slow!!!!!
*
Yes, very very slow & they dont even wanna get back to u..whether approved or fail they dont even wanna entertain...very bad customer service..
iceanise
post Dec 30 2009, 03:28 PM

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i called the so called Team Leader (by the name of A***) and he informed me that he already submitted my loan but the truth is, he did not!!!!! cos i check with another banker fren in ocbc, she check for me that he didnt even submit my document.....after that, i called this guy and tell him that i want to cancel my loan and he pretended to feel "guilty" by telling me..."actually i already submitted but now waiting for manager approval"....your foot!!!! the application is not complete, how to submit!!!!
estherlo
post Dec 30 2009, 03:31 PM

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same for UOB.

UOB and OCBC SA holding my case for 5 workings days then only submit to their superior.
king4891
post Dec 30 2009, 03:36 PM

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QUOTE(gstrapinuse @ Dec 30 2009, 03:22 PM)
Yes, very very slow & they dont even wanna get back to u..whether approved or fail they dont even wanna entertain...very bad customer service..
*
Forget about OCBC... my previous loan was with them and the penalty gonna kill me 5k administration fees and 3% on loan amount.

Thus, they told me if introduce the buyer to use back OCBC will have 50% discount on the 3% penalty. But subject to management approval and will never know when is it.

Now this property I applied for OCBC but only approve 80% whereas OUB, SC, CIMB and PBB approved 90%.

I will not get any loan from this bank forever.

Ya, OCBC salesman have very bad service. Didn't answer to call. Will not come to your convenient place to meet. Very slow respond.


Added on December 30, 2009, 3:40 pm
QUOTE(estherlo @ Dec 30 2009, 03:31 PM)
same for UOB.

UOB and OCBC SA holding my case for 5 workings days then only submit to their superior.
*
My UOB take 1 week to approve. Tomorrow will get offer letter. PM me if you want to change Credit Officer.

Ya... I think you got the contact from the printed flyer at the showroom. I call them before, always delay and give excuse very busy. I say if you are busy then I pass to other people. He replied better ask other CO to do.... vmad.gif

But after that he ask somebody to call me but I already pass to current one to process. She is good.

This post has been edited by king4891: Dec 30 2009, 03:40 PM
estherlo
post Dec 30 2009, 03:55 PM

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[quote=king4891,Dec 30 2009, 03:36 PM]
Forget about OCBC... my previous loan was with them and the penalty gonna kill me 5k administration fees and 3% on loan amount.


wasn't that 5k administration fees and 3% on loan amount already stated in the offer letter when u signed it?

king4891
post Dec 30 2009, 04:03 PM

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[quote=estherlo,Dec 30 2009, 03:55 PM]
[quote=king4891,Dec 30 2009, 03:36 PM]
Forget about OCBC... my previous loan was with them and the penalty gonna kill me 5k administration fees and 3% on loan amount.
wasn't that 5k administration fees and 3% on loan amount already stated in the offer letter when u signed it?
*

[/quote]

Yes, stated. But most of the bank only have 3% so that I didn't realise it. When I told other bank CO, they laugh on me. Sigh......


Added on December 30, 2009, 4:05 pm[quote=estherlo,Dec 30 2009, 03:55 PM]
[quote=king4891,Dec 30 2009, 03:36 PM]
Forget about OCBC... my previous loan was with them and the penalty gonna kill me 5k administration fees and 3% on loan amount.
wasn't that 5k administration fees and 3% on loan amount already stated in the offer letter when u signed it?
*

[/quote]

You applied for all 5 panel banks?

This post has been edited by king4891: Dec 30 2009, 04:05 PM
estherlo
post Dec 30 2009, 04:13 PM

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QUOTE(king4891 @ Dec 30 2009, 04:03 PM)
Yes, stated. But most of the bank only have 3% so that I didn't realise it. When I told other bank CO, they laugh on me. Sigh......


Added on December 30, 2009, 4:05 pm

You applied for all 5 panel banks?
*
Just applied 3
gstrapinuse
post Dec 30 2009, 04:27 PM

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I am only interested in 2 banks which is PBB & UOB...

PBB MRTA is much more expensive if compared to UOB.

Any 1 bought MRTA as well?
iceanise
post Dec 30 2009, 04:27 PM

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so, as at now....which bank is better? someone pls enlighten me
gstrapinuse
post Dec 30 2009, 04:31 PM

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QUOTE(iceanise @ Dec 30 2009, 04:27 PM)
so, as at now....which bank is better? someone pls enlighten me
*
My choice would be PBB or UOB only..The rest all OUT!!!!
king4891
post Dec 30 2009, 04:32 PM

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QUOTE(gstrapinuse @ Dec 30 2009, 04:27 PM)
I am only interested in 2 banks which is PBB & UOB...

PBB MRTA is much more expensive if compared to UOB.

Any 1 bought MRTA as well?
*
Consider MLTA.... Ask your insurance agent.

MLTA - sum assured contant since day1
- pay small sum monthly or annually until you wish to terminate the policy
- can get back all your premiums after certain yrs > 15 yrs
- can transfer to other property or when you refinance

MRTA - sum assured drecreasing annually
- pay one large sum upfront, 1 time only
- cannot transfer to other property


Added on December 30, 2009, 4:34 pm
QUOTE(iceanise @ Dec 30 2009, 04:27 PM)
so, as at now....which bank is better? someone pls enlighten me
*
I still not yet get all the approved offer letter from OUB, PBB, SC and CIMB. Cannot tell in details.

So far I agree to gstrapinuse, OUB and PBB is the best.

This post has been edited by king4891: Dec 30 2009, 04:34 PM
iceanise
post Dec 30 2009, 04:37 PM

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wat rate are PBB offering? wat rate are UOB offering? got letter offer already? i got SC letter of offer oli
gstrapinuse
post Dec 30 2009, 04:40 PM

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QUOTE(iceanise @ Dec 30 2009, 04:37 PM)
wat rate are PBB offering? wat rate are UOB offering? got letter offer already? i got SC letter of offer oli
*
PBB -1.85%
UOB -1.85%



iceanise
post Dec 30 2009, 04:43 PM

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u all sign s&p dy ar?
king4891
post Dec 30 2009, 04:52 PM

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QUOTE(gstrapinuse @ Dec 30 2009, 04:40 PM)
PBB -1.85%
UOB -1.85%
*
Same... all -1.85%.


Added on December 30, 2009, 4:54 pm
QUOTE(iceanise @ Dec 30 2009, 04:43 PM)
u all sign s&p dy ar?
*
Not yet. I will sign next week. SC what rate?


Added on December 30, 2009, 4:54 pmAnyone get -1.9% here?

This post has been edited by king4891: Dec 30 2009, 04:54 PM
gstrapinuse
post Dec 30 2009, 04:55 PM

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QUOTE(iceanise @ Dec 30 2009, 04:43 PM)
u all sign s&p dy ar?
*
i signed last Sun...
iceanise
post Dec 30 2009, 04:57 PM

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sc also -1.85 (some more montly rest) cheh....no good...
gstrapinuse
post Dec 30 2009, 04:58 PM

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QUOTE(iceanise @ Dec 30 2009, 04:57 PM)
sc also -1.85 (some more montly rest) cheh....no good...
*
Yea..what they offered now attractive at all.Cant loan the legal fees n MRTA into the loan...
iceanise
post Dec 30 2009, 04:59 PM

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today oli i apply pbb loan
sk00
post Dec 30 2009, 05:18 PM

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QUOTE(gstrapinuse @ Dec 30 2009, 03:22 PM)
Yes, very very slow & they dont even wanna get back to u..whether approved or fail they dont even wanna entertain...very bad customer service..
*
Yes totally agreed on that. OCBC not only slow, they never keep their promise as well. promise to call me back but never call me back at all. very very bad customer service. will never deal with this bank anymore.
iceanise
post Dec 30 2009, 05:28 PM

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i think apply from other banker better rather than applying from the banker appointed by the developer. OCBC tot they will get all the loan from the developer because he is stationed there. i havent sign the agreement yet
king4891
post Dec 30 2009, 05:39 PM

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QUOTE(iceanise @ Dec 30 2009, 04:57 PM)
sc also -1.85 (some more montly rest) cheh....no good...
*
Yes, get daily rest better. If not mistaken, PBB (if not will be SC) have a ATM card for the loan account and it's daily rest. The CO told me when you have extra money or get salary just put all in first. Then slowly you withdraw for expenses. Will save a lot of interest. No charges when withdraw and no minimum limit.

UOB charge RM50 per withdrawal and minimum withdraw RM5k.


Added on December 30, 2009, 5:42 pm
QUOTE(iceanise @ Dec 30 2009, 05:28 PM)
i think apply from other banker better rather than applying from the banker appointed by the developer. OCBC tot they will get all the loan from the developer because he is stationed there. i havent sign the agreement yet
*
Agree!!!!!!!!! Ban OCBC!!!!!!!!!! Then I'm sure their service will be improve.

This post has been edited by king4891: Dec 30 2009, 05:42 PM
KChan
post Dec 30 2009, 05:49 PM

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I just got a call from UOB saying my loan approved. MoF is 90% at BLR - 1.85. The only problem is it is normal term loan not flexi package. I enquire why is that so. But the Officer says for this project it is term loan. Not offering flexi package. Not sure with other banks as there are no news yet. I'm not sure why they are giving term loan but I notice something in the additional letter that the developer give for the 3 year interest free agreement. In the letter, clause 2 reads as follow:

The Loan shall only be obtained from the Panel Financiers and shall mean a term loan granted to the Purchaser pursuant to the terms and conditions approved by the Vendor and not any other type of banking facility obtained by the Purchaser to finance up to ninety per centum (90%) of the Purchase Price of the Parcel.


Added on December 30, 2009, 5:59 pmI think the developer already discuss with their Panel Financiers on this interest free period thing. So to guarantee the banks make money for this deal, they can only grant term loan so we as buyer cannot prepaid the account fully thus making the bank lose money in the loan. Hope I'm wrong where other banks willing to give flexi loan.

This post has been edited by KChan: Dec 30 2009, 05:59 PM
king4891
post Dec 30 2009, 06:08 PM

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QUOTE(KChan @ Dec 30 2009, 05:49 PM)
I just got a call from UOB saying my loan approved. MoF is 90% at BLR - 1.85. The only problem is it is normal term loan not flexi package. I enquire why is that so. But the Officer says for this project it is term loan. Not offering flexi package. Not sure with other banks as there are no news yet. I'm not sure why they are giving term loan but I notice something in the additional letter that the developer give for the 3 year interest free agreement. In the letter, clause 2 reads as follow:

The Loan shall only be obtained from the Panel Financiers and shall mean a term loan granted to the Purchaser pursuant to the terms and conditions approved by the Vendor and not any other type of banking facility obtained by the Purchaser to finance up to ninety per centum (90%) of the Purchase Price of the Parcel.


Added on December 30, 2009, 5:59 pmI think the developer already discuss with their Panel Financiers on this interest free period thing. So to guarantee the banks make money for this deal, they can only grant term loan so we as buyer cannot prepaid the account fully thus making the bank lose money in the loan. Hope I'm wrong where other banks willing to give flexi loan.
*
My UOB told me is semi-flexi. Can dump extra to deduct principal. Thus, can withdraw from the account too.
brianchinh
post Dec 30 2009, 06:35 PM

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I got a call from developer this morning saying that my booking RM2k transaction through credit card is not through. They asked me to come and pay the RM2k by cash or cheque. I've called up my credit card bank but they said they did not cancel/reject the transaction. In fact, they did not received such a transaction actually. So I called the developer again and another lady picked up and said will ask the PIC to call me back but they didn't.
Is this something fishy? Anyone have similiar situation like me?
ohserena
post Dec 30 2009, 06:52 PM

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QUOTE(king4891 @ Dec 30 2009, 04:32 PM)
Consider MLTA.... Ask your insurance agent.

MLTA - sum assured contant since day1
- pay small sum monthly or annually until you wish to terminate the policy
- can get back all your premiums after certain yrs > 15 yrs
- can transfer to other property or when you refinance

MRTA - sum assured drecreasing annually
- pay one large sum upfront, 1 time only
- cannot transfer to other property
Have you compare the price between MRTA and MLTA?

20yrsinsrisentosa
post Dec 30 2009, 06:56 PM

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QUOTE(brianchinh @ Dec 30 2009, 06:35 PM)
I got a call from developer this morning saying that my booking RM2k transaction through credit card is not through. They asked me to come and pay the RM2k by cash or cheque. I've called up my credit card bank but they said they did not cancel/reject the transaction. In fact, they did not received such a transaction actually. So I called the developer again and another lady picked up and said will ask the PIC to call me back but they didn't.
Is this something fishy? Anyone have similiar situation like me?
*
the rm2k was charged to my credit card, viewed it this morning.
king4891
post Dec 30 2009, 07:07 PM

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QUOTE(ohserena @ Dec 30 2009, 06:52 PM)
Have you compare the price between MRTA and MLTA?
*
MLTA a bit more expensive but can choose to pay monthly or yearly. The important is can get back the moeny right? rclxms.gif
sk00
post Dec 30 2009, 07:53 PM

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QUOTE(brianchinh @ Dec 30 2009, 06:35 PM)
I got a call from developer this morning saying that my booking RM2k transaction through credit card is not through. They asked me to come and pay the RM2k by cash or cheque. I've called up my credit card bank but they said they did not cancel/reject the transaction. In fact, they did not received such a transaction actually. So I called the developer again and another lady picked up and said will ask the PIC to call me back but they didn't.
Is this something fishy? Anyone have similiar situation like me?
*
i got the same call and he told me that my booking of RM2k transaction through credit card is not through. i haven't check with my bank though.
oucheev
post Dec 30 2009, 09:19 PM

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Got a call from my UOB agent. My loan is approved but the Letter of Offer is still not out.

Even though I have not seen the Letter of Offer, I think the terms are better than SC.

The main thing is UOB is on daily interests whereas SC is on monthly interests.

Also, UOB lets you include the legal and stamping fees into the loan.

Anyone is taking EPF to pay the 10% deposit? I have already signed the S&P agreement last Sun.

I can't submit to EPF yet because the S&P & Loan Agreement is not out yet and I think this will take another week or two.

How long will it take to withdraw from EPF?


kornflake
post Dec 30 2009, 10:14 PM

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1) Inside uob offer letter, mrta is compulsory to be taken.
sa say can take out mrta.
can i apply mrta from other insurance and retain the policy with me instead of passing to the bank?

2) uob offer letter given is based on 40 years loan.
i request to change it to 25 years but sa ask to sign current offer letter first then after 1 week will prepare supplementary offer letter. got no black & white, how arr??? later im stuck with a 40 years loan. die arr!!

3) is uob offering term loan or semi-flexi loan?
is everyone out there who applied uob getting the same package or diff?
can we request to change the tnc??
brianchinh
post Dec 30 2009, 10:23 PM

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QUOTE(sk00 @ Dec 30 2009, 07:53 PM)
i got the same call and he told me that my booking of RM2k transaction through credit card is not through. i haven't check with my bank though.
*
Seem like same case.... Really wonder why like that?
gstrapinuse
post Dec 30 2009, 11:03 PM

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QUOTE(sk00 @ Dec 30 2009, 05:18 PM)
Yes totally agreed on that. OCBC not only slow, they never keep their promise as well. promise to call me back but never call me back at all. very very bad customer service. will never deal with this bank anymore.
*
YaYa, this is what i encounter also...really useless...dun wanna take their loan...
20yrsinsrisentosa
post Dec 30 2009, 11:11 PM

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QUOTE(kornflake @ Dec 30 2009, 10:14 PM)
1) Inside uob offer letter, mrta is compulsory to be taken.
sa say can take out mrta.
can i apply mrta from other insurance and retain the policy with me instead of passing to the bank?

2) uob offer letter given is based on 40 years loan.
i request to change it to 25 years but sa ask to sign current offer letter first then after 1 week will prepare supplementary offer letter. got no black & white, how arr??? later im stuck with a 40 years loan. die arr!!

3) is uob offering term loan or semi-flexi loan?
is everyone out there who applied uob getting the same package or diff?
can we request to change the tnc??
*
1) my uob package can exclude mrta. i going to trake mlta with my insurance agent.


2) the uob sa make me an offer letter based on 30 years loan as i wish.


3) mine is flexi loan, daily rest interest.
king4891
post Dec 30 2009, 11:17 PM

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QUOTE(oucheev @ Dec 30 2009, 09:19 PM)
Got a call from my UOB agent. My loan is approved but the Letter of Offer is still not out.

Even though I have not seen the Letter of Offer, I think the terms are better than SC.

The main thing is UOB is on daily interests whereas SC is on monthly interests.

Also, UOB lets you include the legal and stamping fees into the loan.

Anyone is taking EPF to pay the 10% deposit? I have already signed the S&P agreement last Sun.

I can't submit to EPF yet because the S&P & Loan Agreement is not out yet and I think this will take another week or two.

How long will it take to withdraw from EPF?
*
EPF withdrawal 1-2 weeks.


Added on December 30, 2009, 11:36 pm
QUOTE(kornflake @ Dec 30 2009, 10:14 PM)
1) Inside uob offer letter, mrta is compulsory to be taken.
sa say can take out mrta.
can i apply mrta from other insurance and retain the policy with me instead of passing to the bank?

2) uob offer letter given is based on 40 years loan.
i request to change it to 25 years but sa ask to sign current offer letter first then after 1 week will prepare supplementary offer letter. got no black & white, how arr??? later im stuck with a 40 years loan. die arr!!

3) is uob offering term loan or semi-flexi loan?
is everyone out there who applied uob getting the same package or diff?
can we request to change the tnc??
*
I think you misunderstand on the loan tenure. If the bank approve longer loan tenure is better because the repayment will be low. It's good for those tight budget buyer but it's the same too if you can made repayment higher.

We always can repayment more and the tenure will be shorten.

Ambank have a very good calculation page. http://www.ambg.com.my/retail.asp?sc=retai...cing_calculator

At Do you want to make extra principal repayments? Select YES, type additional amount to pay per month. Then will know how many years shorten.

This post has been edited by king4891: Dec 30 2009, 11:36 PM
aliciaqsp
post Dec 31 2009, 12:02 AM

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withdraw KWSP need letter offer from bank which we already sign?

can we withdraw from KWSP 1st, since developer want us pay the 10% after sign S n P,
although i already have letter offer, but i wish to wait others bank offer....
gstrapinuse
post Dec 31 2009, 12:14 AM

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QUOTE(king4891 @ Dec 30 2009, 07:07 PM)
MLTA a bit more expensive but can choose to pay monthly or yearly. The important is can get back the moeny right?  rclxms.gif
*
By the time u get back the money, its already depreciate.So rather buy MRTA than MLTA.
king4891
post Dec 31 2009, 12:15 AM

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QUOTE(aliciaqsp @ Dec 31 2009, 12:02 AM)
withdraw KWSP need letter offer from bank which we already sign?

can we withdraw from KWSP 1st, since developer want us pay the 10% after sign S n P,
although i already have letter offer, but i wish to wait others bank offer....
*
If not mistaken, withdrawal of EPF need S&P and Loan offer letter or loan agreement.

Additional info on withdrawal for non-marriaged couple:

If S&P have bf & gf name and loan have bf name only then EPF only allow the person in the loan agreement to withdraw.

If marriaged then allow both epf to withdraw.

In your case, I think you can withdraw now because EPF won't lock which bank you use and in future will not allow for 2nd withdrawal because you choose other bank at the end. EPF only lock your name on the property. Meaning your EPF cannot withdraw for other property until the property sold or fully paid. Please call EPF to confirm. If EPF need loan agreement then don't have choice to confirm which bank you want first.


Added on December 31, 2009, 12:19 am
QUOTE(gstrapinuse @ Dec 31 2009, 12:14 AM)
By the time u get back the money, its already depreciate.So rather buy MRTA than MLTA.
*
I didn't get you.

MRTA depreciate totally.

MLTA depreciate on inflation only.

This post has been edited by king4891: Dec 31 2009, 12:21 AM
aliciaqsp
post Dec 31 2009, 09:32 AM

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QUOTE(king4891 @ Dec 31 2009, 12:15 AM)
Please call EPF to confirm. If EPF need loan agreement then don't have choice to confirm which bank you want first.
the application PENGELUARAN MEMBELI RUMAH with me, there stated tat need attach with SURAT KELULUSAN PINJAMAN PERUMAHAN
rclxub.gif dunt know is that means offer letter saja or ... tongue.gif

gstrapinuse
post Dec 31 2009, 09:38 AM

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QUOTE(aliciaqsp @ Dec 31 2009, 09:32 AM)
the application PENGELUARAN MEMBELI RUMAH with me, there stated tat need attach with SURAT KELULUSAN PINJAMAN PERUMAHAN
rclxub.gif  dunt know is that means offer letter saja or ...  tongue.gif
*
Both original SNP & Offer letter from bank.
king4891
post Dec 31 2009, 10:02 AM

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QUOTE(aliciaqsp @ Dec 31 2009, 09:32 AM)
the application PENGELUARAN MEMBELI RUMAH with me, there stated tat need attach with SURAT KELULUSAN PINJAMAN PERUMAHAN
rclxub.gif  dunt know is that means offer letter saja or ...  tongue.gif
*
Offer = Tawaran

Approve = Kelulusan

If approve means loan agreement right? keke... rclxub.gif

If offer letter then you still can change after apply EPF but call them to confirm first. Better look for higher post if possible, if not you will regret.... doh.gif
limwc78
post Dec 31 2009, 10:25 AM

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yes also call me the credit card not go through, so need to pay by cash or credit card. Haven't call the bank but better ask the developer take back the receipt that they swipe that day.
cheraspeople
post Dec 31 2009, 02:09 PM

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anyone out there taking SCB? I have approval letter from UOB and SCB but not sure which one to take? SCB selling point is lock in period started from the date of signing S&P or letter offer but the drawback is term loan basis.
ausmat
post Dec 31 2009, 03:01 PM

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QUOTE(sk00 @ Dec 30 2009, 07:53 PM)
i got the same call and he told me that my booking of RM2k transaction through credit card is not through. i haven't check with my bank though.
*
A friend of mine also getting the same call from the developer.... I was wonder... issit the developer don't want to bare the 2-3% merchant charge for credit card.....

I am also paying with credit card.... may be i will be the next... sad.gif

Happy New Year!!!
gstrapinuse
post Dec 31 2009, 03:03 PM

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QUOTE(ausmat @ Dec 31 2009, 03:01 PM)
A friend of mine also getting the same call from the developer.... I was wonder... issit the developer don't want to bare the 2-3% merchant charge for credit card.....

I am also paying with credit card.... may be i will be the next... sad.gif

Happy New Year!!!
*
Mine already cleared...i also paid via creditcard..i use HSBC...
king4891
post Dec 31 2009, 03:05 PM

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QUOTE(ausmat @ Dec 31 2009, 03:01 PM)
A friend of mine also getting the same call from the developer.... I was wonder... issit the developer don't want to bare the 2-3% merchant charge for credit card.....

I am also paying with credit card.... may be i will be the next... sad.gif

Happy New Year!!!
*
My credit card show 2k debited. I think some of the SA just swap your card using the manual machine and never call the bank for verification. Possible right? notworthy.gif
ausmat
post Dec 31 2009, 03:41 PM

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QUOTE(king4891 @ Dec 31 2009, 03:05 PM)
My credit card show 2k debited. I think some of the SA just swap your card using the manual machine and never call the bank for verification. Possible right?  notworthy.gif
*
He he... lucky mine already clear....
AbangCorp
post Dec 31 2009, 04:52 PM

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lawyer called me

look like I am among the last
to sign SnP & Loan + Offer

Look forward to
next week
20yrsinsrisentosa
post Dec 31 2009, 04:56 PM

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QUOTE(gstrapinuse @ Dec 31 2009, 03:03 PM)
Mine already cleared...i also paid via creditcard..i use HSBC...
*
using HSBC too.
Nee2010
post Dec 31 2009, 06:25 PM

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QUOTE(20yrsinsrisentosa @ Dec 31 2009, 05:56 PM)
using HSBC too.
*
Hi, anyone, do u guys remember what the developer promises before? we paid 2k for booking, if refund is we can take back 1.8k, but now they are different story, they said only can refund 1.5k only!

Last time, we request black & white for this statement, but they said no need, is promise will refund 1.8k, but now?only will refund 1.5k! so shit! mad.gif

Got some1 have this case as mine??


Added on December 31, 2009, 6:28 pmI would like to cancel my unit, anyone interest? my unit is L type, 1193 s.f, at level 8.

This post has been edited by Nee2010: Dec 31 2009, 06:28 PM
wb4j
post Dec 31 2009, 09:00 PM

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QUOTE(Nee2010 @ Dec 31 2009, 06:25 PM)
Hi, anyone, do u guys remember what the developer promises before? we paid 2k for booking, if refund is we can take back 1.8k, but now they are different story, they said only can refund 1.5k only!

Last time, we request black & white for this statement, but they said no need, is promise will refund 1.8k, but now?only  will refund 1.5k! so shit!  mad.gif

Got some1 have this case as mine??


Added on December 31, 2009, 6:28 pmI would like to cancel my unit, anyone interest? my unit is L type, 1193 s.f, at level 8.
*
They told me they would forfeit RM500 upon cancellation. Perhaps u were misinformed. Anyway, I have the S&P signed today. I saw ppl there asking for phase 2 launch. Some aunties there are choosing their units!

A quick update, the staff there (a malay lady) told me phase 2 will launch next month.
brianchinh
post Dec 31 2009, 09:28 PM

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QUOTE(gstrapinuse @ Dec 31 2009, 03:03 PM)
Mine already cleared...i also paid via creditcard..i use HSBC...
*
I've been to the sales office today and was told by SA that many using America Express card will not through. However I was using Citibank card not AE. Also there was a list of about 20 ppl of those credit card payment did not get through.
sk00
post Dec 31 2009, 09:34 PM

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QUOTE(brianchinh @ Dec 31 2009, 09:28 PM)
I've been to the sales office today and was told by SA that many using America Express card will not through. However I was using Citibank card not AE. Also there was a list of about 20 ppl of those credit card payment did not get through.
*
Oh no wonder. why the SA never stop customer when they use AE to pay for the booking.. rclxub.gif
king4891
post Dec 31 2009, 11:16 PM

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QUOTE(Nee2010 @ Dec 31 2009, 06:25 PM)
Hi, anyone, do u guys remember what the developer promises before? we paid 2k for booking, if refund is we can take back 1.8k, but now they are different story, they said only can refund 1.5k only!

Last time, we request black & white for this statement, but they said no need, is promise will refund 1.8k, but now?only  will refund 1.5k! so shit!  mad.gif

Got some1 have this case as mine??


Added on December 31, 2009, 6:28 pmI would like to cancel my unit, anyone interest? my unit is L type, 1193 s.f, at level 8.
*
The SA told me refund 1.5k with bank reject loan letter. I'm interested on your unit. Please check ur mailbox.

This post has been edited by king4891: Jan 1 2010, 12:19 AM
AbangCorp
post Jan 1 2010, 11:10 AM

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QUOTE(king4891 @ Dec 31 2009, 11:16 PM)
The SA told me refund 1.5k with bank reject loan letter. I'm interested on your unit. Please check ur mailbox.
*
i tot you already book for a unit there, add one more?

what i must say good thing about you, you really a nice king here rather than the other forum
long live the king

king4891
post Jan 1 2010, 11:30 AM

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QUOTE(AbangCorp @ Jan 1 2010, 11:10 AM)
i tot you already book for a unit there, add one more?

what i must say good thing about you, you really a nice king here rather than the other forum
long live the king
*
Other forum have non-sense so I need to talk non-sense in order to shut up the non-sense.... haha.

This post has been edited by king4891: Jan 1 2010, 12:55 PM
awiekupo
post Jan 1 2010, 12:28 PM

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Anyone who wanna cancel their book do let me know via PM. I'm looking for a unit at the moment. For family stay..

Thanks in advance.. wink.gif
AbangCorp
post Jan 3 2010, 01:12 PM

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now nobody reply to this thread

i think most of purchaser already sign their SnP

that is a good thing. construction can start immediately, the completion also fast

i am comparing alike price condo for semarak and penaga condo, they are still selling
so this developer does not meet so much hurdle, thanks to its campaign

there's a condo fortune park at seri kembangan, completed but still have empty unit
perhaps it was sold by real estate agency, should i am wrong

i sign maybe this week. anybody share the same boat

This post has been edited by AbangCorp: Jan 3 2010, 01:14 PM
king4891
post Jan 3 2010, 02:07 PM

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QUOTE(AbangCorp @ Jan 3 2010, 01:12 PM)
now nobody reply to this thread

i think most of purchaser already sign their SnP

that is a good thing. construction can start immediately, the completion also fast

i am comparing alike price condo for semarak and penaga condo, they are still selling
so this developer does not meet so much hurdle, thanks to its campaign

there's a condo fortune park at seri kembangan, completed but still have empty unit
perhaps it was sold by real estate agency, should i am wrong

i sign maybe this week. anybody share the same boat
*
I think most of the buyer on vacation now... smile.gif I heard from one of the SA, almost over 95% sign s&p before expired of 2 weeks + 2 weeks epf. It's really a good sign. Of course the SA don't know whether the buyer loan approved before signed.

I will sign s&p on next Monday. Actually my deadline is on 15/01/2010... smile.gif

I think 20/01/2010 will be deadline for all buyers because I heard from the SA on 20th all units sold.
gstrapinuse
post Jan 3 2010, 04:24 PM

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The construction will start after chinese new year...one of the sales agent told me...
AbangCorp
post Jan 3 2010, 05:42 PM

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QUOTE(gstrapinuse @ Jan 3 2010, 04:24 PM)
The construction will start after chinese new year...one of the sales agent told me...
*
as we all know not all the sa have the correct info

but in conjunction to phase 2 launch next month (also some say chinese new year)
then construction of overall, the detail and timing should be about right
gstrapinuse
post Jan 3 2010, 06:20 PM

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What is No HSM??I need to fill in the KWSP forms but i don;t know what is that...Any1 can help me??
limyusiong
post Jan 3 2010, 06:30 PM

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leave it blank...jus need to fill up HSD (243799), PT is 1777, Parcel No. is ur unit number lol...

i submitted my EPF withdrawal application last Tue d....nw in process...
gstrapinuse
post Jan 3 2010, 06:35 PM

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QUOTE(limyusiong @ Jan 3 2010, 06:30 PM)
leave it blank...jus need to fill up HSD (243799), PT is 1777, Parcel No. is ur unit number lol...

i submitted my EPF withdrawal application last Tue d....nw in process...
*
How about alamat harta..The agreement also dont have.We need to photostat the sales & purchase agreement only rite?Deed of mutual no need rite?
limyusiong
post Jan 3 2010, 06:41 PM

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alamat hart ai jus put 1120 park avenue,bandar petaling utama, PJ...

photocopy IC, passbook, S&P (make sure ur floor plan is attached) and Mutual agreement...itu saja...
gstrapinuse
post Jan 3 2010, 06:44 PM

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QUOTE(limyusiong @ Jan 3 2010, 06:41 PM)
alamat hart ai jus put 1120 park avenue,bandar petaling utama, PJ...

photocopy IC, passbook, S&P (make sure ur floor plan is attached) and Mutual agreement...itu saja...
*
Thanks alot man!!!Izzit fast at KWSP?Need to wait long time?
limyusiong
post Jan 3 2010, 06:46 PM

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i damn kiasu....i reach there 7:50am...counter start by 8am....hehe, so i got No.1....if all photocopy document is attach, 10 mins settle...

reminder: bring all original IC, bankbook, S&P and mutual agreement for EPF staff verification yeah...
gstrapinuse
post Jan 3 2010, 06:52 PM

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QUOTE(limyusiong @ Jan 3 2010, 06:46 PM)
i damn kiasu....i reach there 7:50am...counter start by 8am....hehe, so i got No.1....if all photocopy document is attach, 10 mins settle...

reminder: bring all original IC, bankbook, S&P and mutual agreement for EPF staff verification yeah...
*
Mutual agreement i don't have original copy.Only certified true copy only.S&P i got original 1...Bank statement can?Coz i didnt update my bank book ages ago.
limyusiong
post Jan 3 2010, 06:58 PM

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tat one i nt sure lo...coz i got all ori copy with me...worst come to worst, u have to run twice to EPF office..luckily my office is so near to EPF PJ...so once i done, i stil got time go for a tea b4 enter office.....hahaha
cutealex
post Jan 3 2010, 07:19 PM

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wah.. a lot use EPF withdrawn ah ?

gstrapinuse
post Jan 3 2010, 08:09 PM

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QUOTE(limyusiong @ Jan 3 2010, 06:58 PM)
tat one i nt sure lo...coz i got all ori copy with me...worst come to worst, u have to run twice to EPF office..luckily my office is so near to EPF PJ...so once i done, i stil got time go for a tea b4 enter office.....hahaha
*
Which solicitor u r using?


Added on January 3, 2010, 8:09 pm
QUOTE(cutealex @ Jan 3 2010, 07:19 PM)
wah.. a lot use EPF withdrawn ah ?
*
Yea, coz if use EPF got tax exemption.

This post has been edited by gstrapinuse: Jan 3 2010, 08:09 PM
limyusiong
post Jan 3 2010, 08:36 PM

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TBK
AbangCorp
post Jan 3 2010, 10:09 PM

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QUOTE(limyusiong @ Jan 3 2010, 08:36 PM)
TBK
*
err
what type of form 9c do i need for withdrawal of 10% down payment
becoz kwsp officer says so many 9c type of form available
i see what i have, very similar like you all
i have here 9c (AHL), correct or not

but have pengkreditan terus
cek jurubank
draf bank asing

cek and draft, something i want to prevent from using
from you guys advice, it took longer to process

i have money in advance
i just want to know how to repaid that money
absolutely neither into developer nor financier


gstrapinuse
post Jan 3 2010, 11:09 PM

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QUOTE(limyusiong @ Jan 3 2010, 08:36 PM)
TBK
*
Same lor..but they only gave me Ori S&P and Certified true copy of S&P and Deed of mutual covenants...


Added on January 3, 2010, 11:11 pm
QUOTE(AbangCorp @ Jan 3 2010, 10:09 PM)
err
what type of form 9c do i need for withdrawal of 10% down payment
becoz kwsp officer says so many 9c type of form available
i see what i have, very similar like you all
i have here 9c (AHL), correct or not

but have pengkreditan terus
cek jurubank
draf bank asing

cek and draft, something i want to prevent from using
from you guys advice, it took longer to process

i have money in advance
i just want to know how to repaid that money
absolutely neither into developer nor financier
*
Yes, correct..9c (AHL)..better choose pengkreditan terus..they will direct bank in to your acc.

This post has been edited by gstrapinuse: Jan 3 2010, 11:11 PM
AbangCorp
post Jan 3 2010, 11:32 PM

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ok

i get it now
can to directly credited
it says pengkreditan terus ke akaun ahli

i miss that. thanks
cutealex
post Jan 3 2010, 11:42 PM

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all loan approve? dunno phase 2 lanuch on Feb will hot sales or not
0106127
post Jan 4 2010, 01:29 AM

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QUOTE(gstrapinuse @ Jan 3 2010, 08:09 PM)
Which solicitor u r using?


Added on January 3, 2010, 8:09 pm
Yea, coz if use EPF got tax exemption.
*
what do u mean by:::


EPF got tax EXEMPTION ?????
limyusiong
post Jan 4 2010, 07:59 AM

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QUOTE(gstrapinuse @ Jan 3 2010, 11:09 PM)
Same lor..but they only gave me Ori S&P and Certified true copy of S&P and Deed of mutual covenants...


Added on January 3, 2010, 11:11 pm
Yes, correct..9c (AHL)..better choose pengkreditan terus..they will direct bank in to your acc.
*
same document they gave me....so jus use all tis will do...

QUOTE(106127 @ Jan 4 2010, 01:29 AM)
what do u mean by:::
EPF got tax EXEMPTION ?????
*
ya i oso wan to knw further regards to tis....tax exemption???mind to explain???
gstrapinuse
post Jan 4 2010, 08:53 AM

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QUOTE(106127 @ Jan 4 2010, 01:29 AM)
what do u mean by:::
EPF got tax EXEMPTION ?????
*
If u buy your 1st house using EPF u r entitle for income tax exemption.You get what i mean?

This post has been edited by gstrapinuse: Jan 4 2010, 08:55 AM
AbangCorp
post Jan 4 2010, 09:06 AM

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does that mean, the withdrawal will not be taxed?
gstrapinuse
post Jan 4 2010, 09:08 AM

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QUOTE(AbangCorp @ Jan 4 2010, 09:06 AM)
does that mean, the withdrawal will not be taxed?
*
Yaya...if i am not mistaken, the wholesum of the purchase price will not be tax.
AbangCorp
post Jan 4 2010, 09:11 AM

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1 more thing, "Untuk pengetahuan anda, setahun selepas anda membuat pengeluaran perumahan yang pertama, anda dibenarkan untuk membuat pengeluaran daripada Akaun II simpanan KWSP anda untuk mengurangkan pinjaman perumahan anda pada setiap tahun."

the validity period for mengurangkan pinjaman perumahan for how many years? is it until repayment complete?
gstrapinuse
post Jan 4 2010, 09:15 AM

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QUOTE(AbangCorp @ Jan 4 2010, 09:11 AM)
1 more thing, "Untuk pengetahuan anda, setahun selepas anda membuat pengeluaran perumahan yang pertama, anda dibenarkan untuk membuat pengeluaran daripada Akaun II simpanan KWSP anda untuk mengurangkan pinjaman perumahan anda pada setiap tahun."

the validity period for mengurangkan pinjaman perumahan for how many years? is it until repayment complete?
*
Its refinance but u cannot pay more than 50% of the loan that u borrowed from bank or else u'll kena penalty.
AbangCorp
post Jan 4 2010, 09:26 AM

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QUOTE(gstrapinuse @ Jan 4 2010, 09:15 AM)
Its refinance but u cannot pay more than 50% of the loan that u borrowed from bank or else u'll kena penalty.
*
who penalty. kwsp?
i think mengurangkan bayaran itu not for refinancing

i heard from the staff themselve about this
i just want to have somebody second me
thanks
gstrapinuse
post Jan 4 2010, 09:33 AM

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QUOTE(AbangCorp @ Jan 4 2010, 09:26 AM)
who penalty. kwsp?
i think mengurangkan bayaran itu not for refinancing

i heard from the staff themselve about this
i just want to have somebody second me
thanks
*
Not KWSP..its ur bank who is gonna penalty u...KWSP will pay directly to the banker.
AbangCorp
post Jan 4 2010, 09:40 AM

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QUOTE(gstrapinuse @ Jan 4 2010, 09:33 AM)
Not KWSP..its ur bank who is gonna penalty u...KWSP will pay directly to the banker.
*
oooo

thanks for info
i dont have so many in my epf so i dont need to worry

thanks gstrapinuse

and mengurangkan bayaran is also for refinancing & repayment
got it from someone
king4891
post Jan 4 2010, 03:03 PM

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QUOTE(cutealex @ Jan 3 2010, 11:42 PM)
all loan approve? dunno phase 2 lanuch on Feb will hot sales or not
*
It's gonna be another fish market if pay 10% and nothing else until completion (3 years) plus 7.5% rebate remain the same. thumbup.gif


Added on January 4, 2010, 3:04 pm
QUOTE(AbangCorp @ Jan 4 2010, 09:11 AM)
1 more thing, "Untuk pengetahuan anda, setahun selepas anda membuat pengeluaran perumahan yang pertama, anda dibenarkan untuk membuat pengeluaran daripada Akaun II simpanan KWSP anda untuk mengurangkan pinjaman perumahan anda pada setiap tahun."

the validity period for mengurangkan pinjaman perumahan for how many years? is it until repayment complete?
*
You can opt for monthly too.


Added on January 4, 2010, 3:08 pm
QUOTE(gstrapinuse @ Jan 4 2010, 09:15 AM)
Its refinance but u cannot pay more than 50% of the loan that u borrowed from bank or else u'll kena penalty.
*
UOB have this terms too. I don't think so all bank will penalise if repayment over 50% within 5 years.

The agreement is within the bonding period. (Bonding period = locking period).

This post has been edited by king4891: Jan 4 2010, 03:08 PM
limwc78
post Jan 4 2010, 03:37 PM

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finally my loan was aprrove and going to sign by this week. Hooray
king4891
post Jan 4 2010, 03:39 PM

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QUOTE(limwc78 @ Jan 4 2010, 03:37 PM)
finally my loan was aprrove and going to sign by this week.  Hooray
*
Which bank approved? Mind to share? Tks.
gstrapinuse
post Jan 4 2010, 03:41 PM

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QUOTE(limwc78 @ Jan 4 2010, 03:37 PM)
finally my loan was aprrove and going to sign by this week.  Hooray
*
Yaya, which bank??I am waiting for PBB...
SUSlokideangelus
post Jan 4 2010, 03:42 PM

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hi all just saw the ad that the phase 2 is up... any thought?

need you all sifu's advice as im a noob in property .. i'm buying my 1st house...
kornflake
post Jan 4 2010, 03:46 PM

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shucks.. now only pbb offered - 1.9.. already sign with other banks..

look at the good side lock in period for other banks is upon first disbursement
king4891
post Jan 4 2010, 03:46 PM

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QUOTE(gstrapinuse @ Jan 4 2010, 03:41 PM)
Yaya, which bank??I am waiting for PBB...
*
How long you was waiting for PBB already?
limwc78
post Jan 4 2010, 03:53 PM

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PBB BLR-1.9 already wait for 2 weeks to approve.
gstrapinuse
post Jan 4 2010, 03:56 PM

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QUOTE(king4891 @ Jan 4 2010, 03:46 PM)
How long you was waiting for PBB already?
*
Waited for 5days..they approved already but i wanna add MRTA in..so need to reprocess again lor..they will get back to me by this week...that gal attend to me very fast n efficient...
king4891
post Jan 4 2010, 03:56 PM

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QUOTE(lokideangelus @ Jan 4 2010, 03:42 PM)
hi all just saw the ad that the phase 2 is up... any thought?

need you all sifu's advice as im a noob in property .. i'm buying my 1st house...
*
My own opinions are:

1) Your budget. (This property help a lot for the first 4.5 years. Thus, help for investment purpose too.)

2) Location.

3) Surrounding acceptable or not?

4) Good Rental?

5) Developer reliable?

6) Net profit of 45k for Phase 2 Type L after 3 years for investment acceptable?

Welcome all opinion to help our friend here.... tks.

This post has been edited by king4891: Jan 4 2010, 03:56 PM
kornflake
post Jan 4 2010, 03:57 PM

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my gal who attended super slow!!!
king4891
post Jan 4 2010, 04:00 PM

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QUOTE(kornflake @ Jan 4 2010, 03:57 PM)
my gal who attended super slow!!!
*
My PBB is a guy... same... very slow.


Added on January 4, 2010, 4:01 pm
QUOTE(gstrapinuse @ Jan 4 2010, 03:56 PM)
Waited for 5days..they approved already but i wanna add MRTA in..so need to reprocess again lor..they will get back to me by this week...that gal attend to me very fast n efficient...
*
Wow... it's really fast... Mind to PM her contact number? Tks.

This post has been edited by king4891: Jan 4 2010, 04:01 PM
gstrapinuse
post Jan 4 2010, 04:05 PM

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QUOTE(king4891 @ Jan 4 2010, 04:00 PM)
My PBB is a guy... same... very slow.


Added on January 4, 2010, 4:01 pm

Wow... it's really fast... Mind to PM her contact number? Tks.
*
I did applied with that gal at the showhouse but she didnt get bek to me.I am so frustrated den i find another loan officer.She worked in PBB HQ.She is very good n patient n also very efficient.
king4891
post Jan 4 2010, 04:12 PM

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QUOTE(limwc78 @ Jan 4 2010, 03:53 PM)
PBB BLR-1.9 already wait for 2 weeks to approve.
*
Estimated on BLR -1.9 vs -1.85 if 30 years BLR at 5.55%:

-1.9%
Loan Amount: RM240,000.00
Loan Period: 30 year(s)
Interest Rate: 3.64%
Monthly Installment: RM1,097.90
Total (RM) 240,000.00 Interest: 155,245.06

Loan & Interest (RM) 395,245.06

-1.85%
Loan Amount: RM240,000.00
Loan Period: 30 year(s)
Interest Rate: 3.70%
Monthly Installment: RM1,104.67
Total (RM) 240,000.00 Interest: 157,684.49

Loan & Interest (RM) 397,684.49

Different only 2-3k but you will lost of penalty total of 3% of 240k at RM8.4k if you decided to sell it within the locking period. Meaning with PBB you will have 8 years locking period whereas other bank only 5 years from the first disbursement which expected start on March 2010. After completion, left only 2 years of bonding period.

We won't know on that time whether want to sell it or rent it. So better opt for other bank other than PBB.
gstrapinuse
post Jan 4 2010, 04:22 PM

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QUOTE(king4891 @ Jan 4 2010, 04:12 PM)
Estimated on BLR -1.9 vs -1.85 if 30 years BLR at 5.55%:

-1.9%
Loan Amount: RM240,000.00
  Loan Period: 30 year(s)
  Interest Rate: 3.64%
  Monthly Installment: RM1,097.90
Total (RM)  240,000.00 Interest: 155,245.06

Loan & Interest (RM)  395,245.06

-1.85%
Loan Amount: RM240,000.00
  Loan Period: 30 year(s)
  Interest Rate: 3.70%
  Monthly Installment: RM1,104.67
Total (RM)  240,000.00 Interest: 157,684.49

Loan & Interest (RM)  397,684.49

Different only 2-3k but you will lost of penalty total of 3% of 240k at RM8.4k if you decided to sell it within the locking period. Meaning with PBB you will have 8 years locking period whereas other bank only 5 years from the first disbursement which expected start on March 2010. After completion, left only 2 years of bonding period.

We won't know on that time whether want to sell it or rent it. So better opt for other bank other than PBB.
*
I got ask that gal about the locking period.She told me from 1st drawndown...but i'll check the Letter Offer once i get it...Verbally also cannot be trusted 1...
king4891
post Jan 4 2010, 04:26 PM

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Another example if BLR increase 1% by every 10 years.

BLR -1.9%

Total (RM) Loan :240000 Interest : 186164 Loan & Interest : 426164

BLR -1.85%

Total (RM) Loan :240000 Interest : 188745 Loan & Interest : 428745

The different still under 3k.


Added on January 4, 2010, 4:31 pm
QUOTE(gstrapinuse @ Jan 4 2010, 04:22 PM)
I got ask that gal about the locking period.She told me from 1st drawndown...but i'll check the Letter Offer once i get it...Verbally also cannot be trusted 1...
*
If from first drawndown then PBB will the best choice. I personally like PBB for the flexi plan. Provided ATM card right? No charges to redrawn right?

I just call the CO, he said bonding period upon FULL drawndown. Maybe different customer have different terms. I think I will go for UOB, no want to wait anymore.

This post has been edited by king4891: Jan 4 2010, 04:31 PM
gstrapinuse
post Jan 4 2010, 04:35 PM

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QUOTE(king4891 @ Jan 4 2010, 04:26 PM)
Another example if BLR increase 1% by every 10 years.

BLR -1.9%

Total (RM) Loan :240000 Interest : 186164 Loan & Interest : 426164 

BLR -1.85%

Total (RM) Loan :240000 Interest : 188745 Loan & Interest : 428745

The different still under 3k.


Added on January 4, 2010, 4:31 pm

If from first drawndown then PBB will the best choice. I personally like PBB for the flexi plan. Provided ATM card right? No charges to redrawn right?

I just call the CO, he said bonding period upon FULL drawndown. Maybe different customer have different terms. I think I will go for UOB, no want to wait anymore.
*
Let me check with the CO den i'll see what she says...will update here again...
cheraspeople
post Jan 4 2010, 04:42 PM

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i choose SCB because lock in period will be started upon siging letter offer. it is -1.85 term loan.
king4891
post Jan 4 2010, 04:44 PM

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QUOTE(cheraspeople @ Jan 4 2010, 04:42 PM)
i choose SCB because lock in period will be started upon siging letter offer. it is -1.85 term loan.
*
Is it flexi plan? if yes, how does it work? PBB have the best flexi plan which will save a lot of interest charged but the locking period upon full drawndown.

This post has been edited by king4891: Jan 4 2010, 04:44 PM
sk00
post Jan 4 2010, 04:44 PM

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Even though i am 1 of the buyer of 1120 Park avenue, i have few concern as i am not very familiar with KL/Selangor location. Please enlighten me on this

1. I have go around the place but i found that currently the occupancy for the shophouse is less. What is the reason for the less occupancy.

2. What is the race population on the place? It is a mix race majority population?

Hope to have more clarification on the area as some of the forum state 1120 park avenue is located in a strategic place.

cheraspeople
post Jan 4 2010, 04:46 PM

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QUOTE(king4891 @ Jan 4 2010, 04:44 PM)
Is it flexi plan? if yes, how does it work? PBB have the best flexi plan which will save a lot of interest charged but the locking period upon full drawndown.
*
It is not flexi. You can't withdraw back when you pay extra. But i got a few loans to handle as well hence dun think got extra money to put in for this.
gstrapinuse
post Jan 4 2010, 04:46 PM

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QUOTE(king4891 @ Jan 4 2010, 04:44 PM)
Is it flexi plan? if yes, how does it work? PBB have the best flexi plan which will save a lot of interest charged but the locking period upon full drawndown.
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SCB is not flexi plan.The officer told me cannot loan in MRTA.They can offer up to 30yrs loan only.
cheraspeople
post Jan 4 2010, 04:55 PM

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QUOTE(gstrapinuse @ Jan 4 2010, 04:46 PM)
SCB is not flexi plan.The officer told me cannot loan in MRTA.They can offer up to 30yrs loan only.
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I am not taking MRTA because most likely will let it go after lock in period if can't fetch good rental there.
king4891
post Jan 4 2010, 04:56 PM

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QUOTE(sk00 @ Jan 4 2010, 04:44 PM)
Even though i am 1 of the buyer of 1120 Park avenue, i have few concern as i am not very familiar with KL/Selangor location. Please enlighten me on this

1. I have go around the place but i found that currently the occupancy for the shophouse is less. What is the reason for the less occupancy.

2. What is the race population on the place? It is a mix race majority population?

Hope to have more clarification on the area as some of the forum state 1120 park avenue is located in a strategic place.
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My own opinion on the area:

1) Think back 15 years ago on OUG houses. The shophouse occupancy rate also low. 5 years back, OUG was bombing. After the completion of the highway and the OKR. A lot of new property kick off there including 1120PA. Petaling Utama is consist of low to medium class residents. After 1120PA occupied, I believe the shophouse there will be improve. Of course, Peter's will not miss the opportunity for up coming higher class development if 1120PA are successfully sold.

2) According to the SA, the area have mix race consist of Malays, Chinese and Indian. Anyone also want to improve their lifestyle. If themselve cannot improve, they always hope their next generation will be improve. A modern affordable property will help on this. I personally think that the area have more Malays follow by Indian. If within of 10KM radius then I think Chinese have the most.

Welcome more opinions.


Added on January 4, 2010, 5:04 pm
QUOTE(cheraspeople @ Jan 4 2010, 04:55 PM)
I am not taking MRTA because most likely will let it go after lock in period if can't fetch good rental there.
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Just to share my opinion on MRTA.

MRTA is a protection from the day we paid for it and I know a lot of people knew what it is.

If you said most likely will let it go meaning minimum from now is 3 years. My advise is better to purchase the MRTA now and not after 3 years when you decide to rent it out.

Hope you know my concern.

Thus, once you sell it after 5 years from now. You will get back the balance of 25 years MRTA fees if you get 30 years.

This post has been edited by king4891: Jan 4 2010, 05:08 PM
cheraspeople
post Jan 4 2010, 05:10 PM

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QUOTE(king4891 @ Jan 4 2010, 04:56 PM)
My own opinion on the area:

1) Think back 15 years ago on OUG houses. The shophouse occupancy rate also low. 5 years back, OUG was bombing. After the completion of the highway and the OKR. A lot of new property kick off there including 1120PA. Petaling Utama is consist of low to medium class residents. After 1120PA occupied, I believe the shophouse there will be improve. Of course, Peter's will not miss the opportunity for up coming higher class development if 1120PA are successfully sold.

2) According to the SA, the area have mix race consist of Malays, Chinese and Indian. Anyone also want to improve their lifestyle. If themselve cannot improve, they always hope their next generation will be improve. A modern affordable property will help on this. I personally think that the area have more Malays follow by Indian. If within of 10KM radius then I think Chinese have the most.

Welcome more opinions.


Added on January 4, 2010, 5:04 pm

Just to share my opinion on MRTA.

MRTA is a protection from the day we paid for it and I know a lot of people knew what it is.

If you said most likely will let it go meaning minimum from now is 3 years. My advise is better to purchase the MRTA now and not after 3 years when you decide to rent it out.

Hope you know my concern.

Thus, once you sell it after 3 years from now. You will get back the balance of 27 years MRTA fees if you get 30 years.
*
Can get back 27 years of MRTA? I didn'y know that. I thought we can't get back what we have paid for MRTA?

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